Insurance Claims Payment Process In The Gulf Coast After The 2005 Hurricanes
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Insurance Claims Payment Process in the Gulf Coast After the 2005 Hurricanes by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations Pdf
Insurance Claims Payment Process in the Gulf Coast After the 2005 Hurricanes by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations Pdf
Residential Insurance on the U.S. Gulf Coast in the Aftermath of Hurricane Katrina by James W. Macdonald,Lloyd S. Dixon,Laura Zakaras Pdf
The hurricane seasons of 2004 and 2005 brought devastating losses of life and property; they also threw the residential insurance market in the Gulf States into turmoil. Insurance premiums skyrocketed, a number of private insurers retreated from coastal regions, government insurance programs stepped into the breach, and premiums in high-risk areas were subsidized by taxpayers and by policyholders in low-risk areas. To make matters worse, thousands of residents who suffered hurricane damage resorted to the courts to resolve coverage disputes with their insurers. All in all, the residential insurance system did not function well. Policymakers, deeply divided about how to reform the system to deal with these issues, have so far been unable to build consensus on how to proceed. This paper informs the current policy debate by diagnosing the problems confronting the residential insurance market and proposing objectives for a well-functioning market. The authors examine impediments limiting the private and public sectors' ability to achieve these objectives and identify a range of policy reforms that merit attention. --From publisher description.
Report on the Activity of the Committee on Financial Services for the One Hundred Tenth Congress by United States. Congress. House. Committee on Financial Services Pdf
An expose of insurance injustice and a plan for consumers and lawmakers to fight it Over the last two decades, insurance has become less of a safety net and more of a spider's web: sticky and complicated, designed to ensnare as much as to aid. Insurance companies now often try to delay payment of justified claims, deny payment altogether, and defend these actions by forcing claimants to enter litigation. Jay M. Feinman, a legal scholar and insurance expert, explains how these trends developed, how the government ought to fix the system, and what the rest of us can do to protect ourselves. He shows that the denial of valid claims is not occasional or accidental or the fault of a few bad employees. It's the result of an increasing and systematic focus on maximizing profits by major companies such as Allstate and State Farm. Citing dozens of stories of victims who were unfairly denied payment, Feinman explains how people can be more cautious when shopping for policies and what to do when pursuing a disputed claim. He also lays out a plan for the legal reforms needed to prevent future abuses. This exposé will help drive the discussion of this increasingly hot- button issue.
Prohibiting Price Fixing and Other Anticompetitive Conduct in the Health Insurance Industry by United States. Congress. Senate. Committee on the Judiciary Pdf
Financial Management: Improvements Needed in National Flood Insurance Program’s Financial Controls and Oversight by Susan Ragland Pdf
This is a print on demand edition of a hard to find publication. Due to the federal government's role as guarantor, floods impose an enormous potential financial burden on the federal government. Consequently, decision makers at the Dept. of Homeland Security, FEMA, and the Congress need accurate and timely financial information to assess the effectiveness of the National Flood Insurance Program (NFIP). This report assesses whether controls in place during the 2005 to 2007 time frame were effective and whether actions to improve controls are likely to address identified weaknesses. The report reviewed and analyzed FEMA/NFIP guidance, data, and financial reports, and interviewed FEMA officials and contractors. Includes recommendations. Charts and tables.
