R Street’s insurance policy program explores efficient and effective market-based approaches to public policy questions that involve the transfer of risk. Among its priorities are risk-based insurance regulation, ending environmentally destructive taxpayer subsidies through the National Flood Insurance Program and the Federal Crop Insurance Corp. and exploring the benefits of mitigation through programs like the RESTORE Act and the Coastal Barrier Resources System.
Insurance
The Issue
Publications
Biden Tax Plan Hits Global Reinsurance
Jerry Theodorou
The bills for the Biden administration’s multi-trillion dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan….
Risky business, reforming America’s flood insurance model
Marc Hyden
The Federal Emergency Management Agency (FEMA) has been under fire for years for its management of the National Flood Insurance Program (NFIP), which is the nation’s principal source of flood…
[What They’re Saying] RSC Budget – Reclaiming our Fiscal Future
Caroline Kitchens
“The House Republican Study Committee (RSC) released their alternative Fiscal Year 2022 budget, entitled Reclaiming Our Fiscal Future, which presents a bold plan to balance the federal budget in…
It’s no secret that the COVID-19 pandemic has wreaked havoc on America’s finances and unleashed a massive federal spending spree. In the aftermath of the pandemic, our nation’s total federal…
Biden’s “Made in American Tax Plan” promises to hurt Georgians and insurers
Marc Hyden
President Biden released his audacious American Jobs Plan along with his Made in America Tax Plan, which are intended to revitalize our country’s infrastructure and the economy. But the efforts…
Testimony of R.J. Lehmann to the Senate Banking Committee: the Case to Reform the NFIP
R.J. Lehmann
From International Center for Law & Economics:
That stint included covering the 2004 and 2008 NFIP reauthorization debates and, of course, the devastating impact of Hurricane Katrina in 2005….
WASHINGTON (May 19, 2021)—The Federal Insurance Office (FIO), a small and little-understood unit within the U.S. Department of the Treasury (Treasury), may receive heightened attention in a new…
Press release: Examining the federal insurance office
Image credit: thodonal
Insuring Another Disaster
Steven Greenhut
The concept of insurance is a simple one that revolves around pooling risks — and dates back to the 1700s B.C. Under the Code of Hammurabi, Babylonian King Hammurabi instituted an insurance-like…
, E&E News
The flood insurance debate returns. Here’s what to expect
Jerry Theodorou
From E&E News:
The bipartisan measure has the backing of the Pew Charitable Trusts, the National Association of Mutual Insurance Companies, the Natural Resources Defense Council and the R…