TAILIEUCHUNG - Principles for Reform of Catastrophic Natural Disaster Insurance

The House Agriculture Committee held hearings in spring 2010 to review agricultural policy ahead of the next farm bill debate. Comments on crops insurance surfaced as farmers, academics, other panelists, and members discussed the farm safety net and the role of crop insurance. Previously, in spring 2009, the Subcommittee on General Farm Commodities and Risk Management of the House Agriculture Committee held a hearing to receive input on the crop insurance program from farmers. Based on the testimony, farmers appear to be generally satisfied with the overall crop insurance program and do not seek major changes. However, producer groups point. | Backmxindcr Pl irJierwvT nv I np Wprrif-ncft PX1 rnriQtir n M Published by The Heritage Foundation No. 2256 April 8 2009 Principles for Reform of Catastrophic Natural Disaster Insurance Matt A. Mayer David C. John and James Jay Carafano . Along with the winds rain and storm surges of Hurricane Katrina came a cacophony of voices urging Congress to adopt a catastrophic hurricane fund CAT fund . A CAT fund like the bankrupt and highly inefficient National Flood Insurance Program NFIP would provide government insurance to homeowners and businesses to protect against the next catastrophic hurricane. Lost in the chorus of doomsayers is the inconvenient fact that Hurricane Katrina the most expensive natural disaster in American history did not bankrupt the insurance industry. Unlike the current Wall Street financial crisis the industry did not even require a federal bailout. From 1970 to 2006 America experienced 23 insured catastrophic losses due to natural disasters or terrorism ranging from 45 billion down to billion in 2005 dollars . These included 15 hurricanes one earthquake and the terrorist attacks on September 11 2001. Only four caused insured losses greater than 15 billion. Over the past 18 years only five years have seen insured catastrophic losses in excess of 15 billion billion in 1992 Hurricane Andrew billion in 1994 Northridge earthquake billion in 2001 9 11 terrorist attacks billion in 2004 Hurricanes Frances Charley Ivan and Jeanne and billion in 2005 Hurricanes Katrina Rita and Wilma .1 As one expert noted the insurance industry held about 400 billion in equity capital and collected premiums of about 440 billion in While only 12 percent of those funds represented premiums from Talking Points The private sector state governments andas a last resort-the federal government could take many actions short of creating a CAT fund that would provide greater stability to the insurance market at a lower cost to most .

• Bảo hiểm
• Opportunities and Challenges
• Student Attitudes
• Toward Organic
• Consumers Pay
• Systems and Farmers
• Sustainable Intensification
• Vegetable production
• Climatic condition
• Changing climate scenario
• Challenges and opportunities
• Opportunities of nutritional kitchen garden
• Nutritional kitchen garden
• economic
• prospects
• challenges
• opportunities
• The BRICs
• beyon
• Internationalization of higher education
• Higher education
• Contemporary global academic environment
• Transnational collaborative arrangements
• The opportunities
• Challenges of mobile
• Ubiquitous learning
• Future schools
• A context of Thailand
• Vietnam’s The technology development
• Beginning phase
• Digital storage and semi
• Technology transfer
• Goat development in Laos and Vietnam
• Goat development
• The goat production systems
• Sustainable production systems
• ASEAN Economic Community
• ASEAN Comprehensive Investment Agreement
• Foreign direct investment
• ASEAN and Vietnam
• Challenges and opportunities of expansion of islamic banks in ethiopia
• Commercial bank of ethiopian dire dawa interest free branch
• Ethiopian dire dawa interest free branch
• Conventional banks and Interest free banking
• Obtaining sufficient data
• International integration
• Small and medium–sizedbusinesses
• Businesses sector
• Vietnam’s economy
• Regional Synthesis
• Endowments and opportunities
• Challenges faced in realizing
• opportunities for development
• mproving Understanding
• environmental agreements
• linguistics
• scientific reports
• research projects
• scientific research
• Foreign Languages