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Earthquake Insurance and Disaster Assistance: The Effect of Catastrophe Obligation Guarantees on Federal Disaster-Assistance Expenditures in California (Technical Report)
Earthquake Insurance and Disaster Assistance The Effect of Catastrophe Obligation Guarantees on Federal DisasterAssistance Expenditures in California - Technical Report Author:Noreen Clancy, Tom LaTourrette, James N. Dertouzos, Christina Steiner The Catastrophe Obligation Guarantee Act, introduced in Congress in 2009, would authorize the federal government to provide committed loan guarantees to qualified state catastrophe-insurance programs. Proponents argue that lower-cost catastrophe insurance could reduce federal disaster-assistance expenditures. This report estimates the law1s pote... more »ntial effects in California.« less