{"product_id":"earthquake-insurance-and-disaster-assistance-the-effect-of-catastrophe-obligation-guarantees-on-federal-disasterassistance-expenditures-in-california-technical-report-rand-technical-report-9780833050953","title":"Earthquake Insurance and Disaster Assistance The","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn an effort to increase the availability and affordability of insurance for catastrophic events, the Catastrophe Obligation Guarantee Act was introduced in Congress in 2009. One of the arguments in support of this provision is that it lowers insurer costs, which lowers premium rates, increases the number of residents who buy catastrophe insurance, decreases the uninsured loss in disasters, and, ultimately, decreases federal disaster-assistance spending. The California Earthquake Authority, a state-managed catastrophe-insurance program that would qualify for the loan guarantees, sought an estimate of the potential magnitude of this effect for earthquakes in California. As part of the analysis, the report examines the price elasticity for earthquake insurance and relationships between earthquake-insurance coverage and loss compensation. We find that catastrophe obligation guarantees would reduce federal disaster-assistance costs by $3 million to $7 million for every $10 billion in total","brand":"RAND","offers":[{"title":"Default Title","offer_id":48884726792535,"sku":"9780833050953","price":14.24,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/earthquake-insurance-and-disaster-assistance-the-effect-of-catastrophe-obligation-guarantees-on-federal-disasterassistance-expenditures-in-california-technical-report-rand-technical-report-9780833050953","provider":"Book Curl","version":"1.0","type":"link"}