Insuring Public Buildings, Contents, Vehicles, and Equipment Against Disasters: Current Practices of State and Local Government and Options for Closing the Insurance Gap

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	Insuring Public Buildings, Contents, Vehicles, and Equipment Against Disasters: Current Practices of State and Local Government and Options for Closing the Insurance Gap
	admin
	2020-10-09
出版年	2020
国家	美国
领域	资源环境
英文摘要	In the United States, federal, state, and local governments share responsibility for managing disaster risk. Whether the current allocation of risk between these different levels of government is appropriate is much debated. In the study reported here, the authors contributed to this debate by improving the understanding of state and local financial risk management practices and the role that the Federal Emergency Management Agency's (FEMA's) Public Assistance (PA) program plays in these decisions. They found that a significant portion of state and local governments that are eligible for PA purchase some type of insurance for their buildings, contents, vehicles, and equipment (BCVE) but that the insurance share across all PA projects is low, meaning that FEMA is paying for a substantial portion of the repairs. However, the insurance share varies by the attributes of the incident causing the damage and of the public entity. Regarding the role that the PA program plays in these decisions, the predominant view of experts consulted for the study was that the potential for FEMA assistance reduces state and local governments' purchase of insurance. Finally, this report discusses several approaches for increasing insurance coverage for state and local governments and the trade-offs associated with them. These approaches include encouraging credit rating agencies to evaluate communities' financial preparedness for disasters; requiring communities to analyze their risks in order to increase their awareness of them; requiring communities to cover a substantial first layer of loss; and eliminating PA for BCVE.
URL	查看原文
来源平台	RAND Corporation
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/298315
专题	资源环境科学
推荐引用方式 GB/T 7714	admin. Insuring Public Buildings, Contents, Vehicles, and Equipment Against Disasters: Current Practices of State and Local Government and Options for Closing the Insurance Gap,2020.