Earthquake Insurance and Disaster Assistance The Effect of Catastrophe Obligation Guarantees on Federal Disaster-Assistance Expenditures in California |
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| Author:
| LaTourrette, Tom
Dertouzos, James N.
Clancy, Noreen
Steiner, Christina |
| ISBN: | 978-0-8330-5095-3 |
| Publication Date: | Jan 2011 |
| Publisher: | RAND Corporation, The
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| Book Format: | Paperback |
| List Price: | USD $14.00 |
Book Description:
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The Catastrophe Obligation Guarantee Act, introduced in Congress in 2009, would authorize the federal government to provide committed loan guarantees to qualified state catastrophe-insurance programs. Proponents argue that lower-cost catastrophe insurance could reduce federal disaster-assistance expenditures. This report estimates the law1s potential effects in California.
The Catastrophe Obligation Guarantee Act, introduced in Congress in 2009, would authorize the federal government to provide committed loan guarantees to qualified state catastrophe-insurance programs. Proponents argue that lower-cost catastrophe insurance could reduce federal disaster-assistance expenditures. This report estimates the law1s potential effects in California.