Number: RL33086
Title: Hurricane Katrina: Insurance Losses and National Capacities for Financing Disaster Risks
Authors: Rawle O. King, Government and Finance Division 
Abstract: As Members of Congress explore ways to respond to the increasing risk and uninsured losses from tropical storms, earthquakes, and disruptive and costly inland flooding, they may be called upon to consider federal policy alternatives to build national capabilities for disaster risk management. Among measures that might be explored are various legislative proposals to pre-fund the cost of disasters with insurance or capital market instruments (risk securitization).
Pages: 23
Date: January 31, 2008