Insurance Legislation

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  • A group of firefighters walk amid rubble near the base of the destroyed World Trade Center in New York on September 11, 2001

    Report

    Expiration of Terrorism Risk Insurance Act Could Hurt National Security

    The current terrorism risk insurance act will expire in 2014 and Congress again is considering the appropriate government role in terrorism insurance markets. If the act expires and the take-up rate for terrorism insurance falls, then the U.S. would be less resilient to future terrorist attacks.

    Mar 6, 2014

  • men walk through flooding left by the storm surge of Superstorm Sandy in the New Dorp Beach neighborhood of Staten Island

    Commentary

    A Year After Sandy, a New Threat to New York City

    As residents continue to recover from Superstorm Sandy, they are about to confront dramatic changes in the flood insurance landscape. Changes to federal floodplain maps will mean thousands of New Yorkers will suddenly be living in areas designated as high-risk flood, which will send their insurance rates soaring.

    Nov 5, 2013

  • News Release

    News Release

    Rising Cost of Flood Insurance Will Create Serious Challenges for New York City

    Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk. Property owners in areas now deemed at highest risk may face increases of $5,000 to $10,000 annually.

    Oct 25, 2013

  • Pedestrians walk past a submerged taxi in Brooklyn, New York, during Hurricane Sandy last year.

    Research Brief

    The Rising Cost of Flood Insurance in New York City

    Even as many in New York City struggle to rebuild after Hurricane Sandy, changes in the flood insurance market are increasing premiums for those living near the coast.

    Oct 25, 2013

  • A Staten Island, N.Y. house destroyed by Hurricane Sandy

    Report

    Rising Cost of Flood Insurance Will Create Serious Challenges for New York City

    Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk. Property owners in areas now deemed at highest risk may face increases of $5,000 to $10,000 annually.

    Oct 25, 2013

  • train track switch

    Research Brief

    Robust Decision Making Aids Planning Under Deep Uncertainty

    Quantitative analysis is often indispensable to sound planning, but with deep uncertainty, predictions can lead decisionmakers astray. Robust Decision Making supports good decisions without predictions by testing plans against many futures.

    Feb 28, 2013

  • money changing hands

    Journal Article

    Wellness Program Incentives: Can We Legally Pay People for Being Good?

    Incentives to participate in wellness programs or reach health-related targets are popular, but could expose employers and insurers to litigation risk because incentives might violate state and federal insurance, anti-discrimination, or privacy laws.

    Nov 1, 2012

  • Journal Article

    Journal Article

    Do Small-Group Health Insurance Regulations Influence Small Business Size?

    State small-group health insurance reforms, implemented in the 1990s, aimed at controlling the variability of health insurance premiums and to improve access to health insurance. These reforms only affected firms within a specific size range, and as a result, they may have affected the size of small firms around the legislative threshold and may also have affected the propensity of small firms to offer health insurance.

    Mar 1, 2012

  • Report

    Report

    Collecting on Low-Value Claims Would Provide Medicare with Little Revenue and Substantial Reporting Costs

    Effective January 1, 2012, Medicare will require insurers and self-insured companies to report settlements, awards, and judgments over $5K that involve a Medicare beneficiary. Over three years the $5K threshold will be phased out and all claims will have to be reported—but the potential revenue recovered from low-value claims may not be worth the reporting costs.

    Jun 21, 2011

  • News Release

    News Release

    Proposed Federal Role in Catastrophe Insurance Would Increase Earthquake Coverage

    A proposal for the federal government to support state-run catastrophe-insurance programs would increase the number of people buying earthquake coverage in California and modestly lower both uninsured losses and government assistance following a major quake.

    Nov 3, 2010

  • News Release

    News Release

    Residential Wind, Flood Insurance Markets Still Face Serious Problems 5 Years After Hurricane Katrina

    Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance.

    Oct 20, 2010

  • Report

    Report

    Residential Wind, Flood Insurance Markets Still Face Serious Problems 5 Years After Hurricane Katrina

    Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance.

    Oct 8, 2010

  • Research Brief

    Research Brief

    Call for Reform in the Residential Insurance Market after Hurricane Katrina

    In light of what occurred after Katrina and the other 2004-2005 hurricanes, the authors propose goals for an effective Gulf Coast residential insurance market and highlight policy reforms that warrant consideration for achieving those goals.

    Oct 8, 2010

  • Journal Article

    Journal Article

    Crossed Wires: How Yesterday's Privacy Rules Might Undercut Tomorrow's Nationwide Health Information Network

    More than a decade after passage of the Health Insurance Portability and Accountability Act (HIPAA), concerns about the privacy and security of personal health information remain a major policy issue. Now, the emergence of the Nationwide Health Information Network (NHIN) presents deeper underlying privacy challenges, which will require renewed attention from policymakers as federal and state privacy rules need to be revisited.

    Mar 15, 2009

  • Commentary

    Commentary

    Creating Health ID Numbers Could Improve Patient Privacy

    As it considers ways to improve the efficiency and quality of U.S. health care, one issue that a new Congress should reconsider is the longstanding roadblock that has stalled efforts to create a system of unique patient identification numbers for every person in the United States, writes Richard Hillestad.

    Oct 30, 2008

  • Research Brief

    Research Brief

    Evaluating Alternatives for Renewing TRIA in an Uncertain World

    This research brief summarizes an analysis of terrorism-insurance policy. The current law produces positive outcomes for conventional attacks but does not effectively address risks that nuclear, biological, chemical, or radiological attacks present.

    Mar 3, 2008

  • News Release

    News Release

    Taxpayers, Policyholders Benefit from Terrorism Risk Insurance Program

    Taxpayers save money and businesses are better protected with the Terrorism Risk Insurance Act (TRIA) in place than if the act is allowed to expire.

    Oct 10, 2007

  • Visitors to the 911 Memorial plaza peer through glass windows into the 911 Memorial Museum at the World Trade Center site in New York

    Report

    Taxpayers, Policyholders Benefit from Terrorism Risk Insurance Program

    Taxpayers save money and businesses are better protected with the Terrorism Risk Insurance Act (TRIA) in place than if the act is allowed to expire. TRIA allows the insurance industry to play a larger role in compensating losses caused by smaller terrorist attacks by transferring some of the risk for the largest attack to the government.

    Sep 25, 2007

  • Report

    Report

    Should the Terrorism Risk Insurance Act of 2002 Be Extended?

    Interim findings from a RAND Center for Terrorism Risk Management Policy project suggest that the Terrorism Risk Insurance Act performs well on outcomes examined for conventional attacks but not for chemical, biological, radiological, or nuclear ones.

    May 28, 2007

  • Research Brief

    Research Brief

    Terrorist Insurance and the Evolving Terrorism Threat

    How does the Terrorism Risk Insurance Act (TRIA) align with the evolving terrorism threat? Transnational and domestic terrorism trends reveal that TRIA does not provide adequate financial protection, particularly in the face of economically motivated...

    Nov 25, 2005