Flood Insurance¶
U.S. Government Accountability Office. (2017). Flood Insurance: Comprehensive Reform Could Improve Solvency and Enhance Resilience.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Risk Transfer Without Reduction
- But the flood hazard is not reduced; the accumulated losses are transferred onto the public balance sheet, and the program has run billions of dollars into debt to the U.S. Treasury after major events
This sourceDocuments the transfer onto the public balance sheet directly: $24.6 billion owed to Treasury as of March 2017, with NFIP premiums that 'do not reflect the full risk of loss' and a burden GAO describes as transferred from property owners to the federal government.
- But the flood hazard is not reduced; the accumulated losses are transferred onto the public balance sheet, and the program has run billions of dollars into debt to the U.S. Treasury after major events
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:472e6d111282 · see in the full table