While homeowners-insurance policy exclusions can burden consumers with significant out-of-pocket expenses, expanding policies to fill coverage gaps creates a new set of challenges, such as affordability issues, lower consumer demand as rates rise and regulatory approval for risk-based rates, the GAO says.
Allowing scheduled National Flood Insurance Program rate increases to move forward would be a critical first step toward attracting private insurers to the flood-insurance market, says the Government Accountability Office.
Allowing scheduled National Flood Insurance Program rate increases to move forward would be a critical first step toward attracting private insurers to the flood-insurance market, says the Government Accountability Office.
The NRRA appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite. But industry associations tell the GAO that some states are making eligibility requreiments beyond those called for in the law.
The NRRA appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite. But industry associations tell the GAO that some states are making eligibility requreiments beyond those called for in the law.
Federal officials may require new cars to include vehicle-to-vehicle (V2V) technology that can warn drivers of an upcoming crash several vehicles removed from the collision, an ABC News article states.