Terrorism Insurance:
Alternative Programs for Protecting Insurance Consumers
GAO-02-199T: Published: Oct 24, 2001. Publicly Released: Oct 24, 2001.
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Before September 11, insurance coverage for losses from terrorism was a normal feature of insurance contracts. The attacks on the World Trade Center and the Pentagon have changed insurers' perceptions of their risk exposure. Both insurers and reinsurers say that they do not know how much to charge for this coverage and because they cannot predict future losses, they may exclude terrorism insurance from future contracts unless the federal government provides some guidance to the industry. Several insurance programs in the United States and other countries ensure that insurance will be available to cover risks that the private sector has been unable or unwilling to cover, including losses from catastrophic events and terrorism. For government insurance programs, the question of long-term cost and program funding needs to be addressed before any program is established. Some federal insurance programs have a statutory intent to provide subsidized coverage, while others are intended to be self-funding. Regardless of statutory intent, if federal insurance is underpriced relative to its long-run costs and the federal government pays the difference, a government subsidy results.
Jul 30, 2020
Small Business Contracting:
Better Documentation and Reporting Needed on Procurement Center RepresentativesGAO-20-462: Published: Jun 30, 2020. Publicly Released: Jul 30, 2020.
Jun 29, 2020
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Small Business Subcontracting:
Oversight of Contractor Compliance with Subcontracting Plans Needs ImprovementGAO-20-464: Published: May 28, 2020. Publicly Released: Jun 29, 2020.
Jun 22, 2020
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Small Business Development Centers:
Reevaluation of How SBA Sets Initial Funding Estimate Needed to Help Reduce BurdenGAO-20-457: Published: May 22, 2020. Publicly Released: Jun 22, 2020.
Apr 27, 2020
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Priority Open Recommendations:
Department of CommerceGAO-20-497PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
Dec 13, 2019
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Small Business Administration:
Opportunities Exist to Strengthen Engagement with Historically Black Colleges and UniversitiesGAO-20-41: Published: Nov 13, 2019. Publicly Released: Dec 13, 2019.
Nov 19, 2019
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SBA Microloan Program:
Opportunities Exist to Strengthen Program Performance Measurement, Collaboration, and ReportingGAO-20-49: Published: Nov 19, 2019. Publicly Released: Nov 19, 2019.
Oct 22, 2019
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Small Business Administration:
Steps Taken on Long-Standing Weaknesses in SBA's Oversight of Tribal 8(a) Firms, but Additional Actions NeededGAO-20-184T: Published: Oct 22, 2019. Publicly Released: Oct 22, 2019.
Sep 26, 2019
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Small Business Research Programs:
Many Agencies Took Longer to Issue Small Business Awards than RecommendedGAO-19-620: Published: Sep 26, 2019. Publicly Released: Sep 26, 2019.
Jul 16, 2019
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Consumer Reporting Agencies:
CFPB Should Define Its Supervisory ExpectationsGAO-19-459: Published: Jul 16, 2019. Publicly Released: Jul 16, 2019.
Jun 12, 2019
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Small Business Administration Contracting Programs:
Additional Efforts Needed to Implement GAO RecommendationsGAO-19-623T: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.
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