Posts Tagged ‘Legislation’



December 20th, 2016

Public Sector Risk Financing Perspectives in the United States: National Flood Insurance Program (NFIP): Part II

Posted at 1:00 AM ET

day-2-headshot-jonathan_clark_april-2015-crop-sm22lorenz_cheryl_sm21Jonathan Clark, Managing Director and Cheryl Lorenz, Vice President

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The new reinsurance program consists of a USD 1 million limit to protect against flood claim losses to the National Flood Insurance Program (NFIP) that exceed USD 5 million in order to test the Federal Emergency Management Agency’s (FEMA) ability to receive reinsurance claim payments and process reinstatement premium. Once that USD 1 million limit is exhausted, the reinsurance will be reinstated for an additional USD 1 million limit to protect against large flooding events that generate losses to the NFIP in excess of USD 5.5 billion. Given the geographic spread of NFIP policyholders, such events would most likely result from flood losses that were related to a large tropical storm or hurricane.

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December 19th, 2016

Public Sector Risk Financing Perspectives in the United States: National Flood Insurance Program (NFIP): Part I

Posted at 1:00 AM ET

day-2-headshot-jonathan_clark_april-2015-crop-sm21lorenz_cheryl_sm2Jonathan Clark, Managing Director and Cheryl Lorenz, Vice President

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In September 2016, the Federal Emergency Management Agency (FEMA) took the historic step of purchasing reinsurance for the National Flood Insurance Program (NFIP).

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July 28th, 2016

New Economics Are Creating New Medicine, Part I

Posted at 1:00 AM ET

Through the Affordable Care Act, many measures are being implemented that are expected to have a positive impact on bending the healthcare cost curve downward in the long term. However, the same act removed annual and lifetime limits for medical insurance claims. As a result, the maximum potential loss from a single individual is a new frontier of risk, with new heights being reached each year. This is both a frequency and severity issue.

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March 24th, 2016

US Flood – The Road Ahead

Posted at 1:00 AM ET

The National Flood Insurance Program (NFIP) is the primary underwriter of flood insurance policies in the United States. The program was established in 1968 through the passage of the National Flood Insurance Act.

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November 16th, 2015

New Economics Are Creating New Medicine

Posted at 1:00 AM ET

Through the Affordable Care Act, many measures are being implemented that are expected to have a positive impact on bending the healthcare cost curve downward in the long term. However, the same act removed annual and lifetime limits for medical insurance claims. As a result, the maximum potential loss from a single individual is a new frontier of risk, with new heights being reached each year. This is both a frequency and severity issue.

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July 7th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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June 17th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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May 14th, 2015

Affordable Care Act: Health Insurers Addressing the Need to Develop New Strategies

Posted at 1:00 AM ET

barker-smallPhillip Barker, Senior Vice President

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It has been a little over four years since the enactment and subsequent implementation of the Patient Protection and Affordable Care Act, more widely known as the ACA. The impact on the insurance industry as a whole has been tremendous, but it has not been shared equally among the industry subsectors. While the property/casualty (P&C) industry was not exactly spared, receiving a comparatively “light touch,” the ACA has been a catalyst helping create a transformational bridge between the P&C and the health insurance industries.

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March 9th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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January 13th, 2015

Comparison of Federal Terrorism Insurance Backstop Legislation

Posted at 3:13 PM ET

This two part table compares the expired Terrorism Risk Insurance Program Reauthorization Act of 2007 with the 2015 TRIPRA legislation that was signed into law on Monday, January 12, 2015.

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