Resource Type

Defense Acquisitions: Missile Defense Agency's Flexibility Reduces Transparency of Program Cost (open access)

Defense Acquisitions: Missile Defense Agency's Flexibility Reduces Transparency of Program Cost

Testimony issued by the Government Accountability Office with an abstract that begins "Over the next 5 years the Missile Defense Agency (MDA) expects to invest $49 billion in the Ballistic Missile Defense (BMD) system's development and fielding. MDA's strategy is to field new capabilities in 2-year blocks. In January 2006, MDA initiated its second block--Block 2006--to protect against attacks from North Korea and the Middle East. Congress requires GAO to assess MDA's progress annually. GAO's March 2007 report addressed MDA's progress during fiscal year 2006 and followed up on program oversight issues and the current status of MDA's quality assurance program. GAO assessed the progress of each element being developed by MDA, examined acquisition laws applicable to major acquisition programs, and reviewed the impact of implemented quality initiatives."
Date: April 30, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
DOD and VA Outpatient Pharmacy Data: Computable Data Are Exchanged for Some Shared Patients, but Additional Steps Could Facilitate Exchanging These Data for All Shared Patients (open access)

DOD and VA Outpatient Pharmacy Data: Computable Data Are Exchanged for Some Shared Patients, but Additional Steps Could Facilitate Exchanging These Data for All Shared Patients

Correspondence issued by the Government Accountability Office with an abstract that begins "Since 1998, the Department of Defense (DOD) and the Department of Veterans Affairs (VA) have been working to electronically exchange patient health data, including outpatient pharmacy data, cross their electronic health information systems. Exchanging outpatient pharmacy data is important for DOD and VA because certain DOD and VA patients, known as shared patients, receive health care from both agencies. Clinicians' access to complete health information from both agencies' health information systems could assist clinicians in making more informed medical decisions and help prevent adverse medication reactions--which include detrimental or unintended reactions when multiple medications are taken together and allergic reactions to a medication. In March 2004, DOD and VA began collaborating on a long-term initiative to make their outpatient pharmacy data computable. Computable data refer to data that are in a format that a computer application can act on: for example, to provide automatic checks for adverse medication reactions or to plot graphs of changes in vital signs such as blood pressure. In reporting on this initiative in the past, GAO noted that the agencies have experienced delays in their efforts to begin exchanging computable outpatient pharmacy data. …
Date: April 30, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Literacy and Education Commission: Further Progress Needed to Ensure an Effective National Strategy (open access)

Financial Literacy and Education Commission: Further Progress Needed to Ensure an Effective National Strategy

Testimony issued by the Government Accountability Office with an abstract that begins "The Financial Literacy and Education Improvement Act created, in December 2003, the Financial Literacy and Education Commission. This statement is based on a report issued in December 2006, which responded to the act's mandate that GAO assess the Commission's progress in (1) developing a national strategy; (2) developing a Web site and hotline; and (3) coordinating federal efforts and promoting partnerships among the federal, state, local, nonprofit, and private sectors. To address these objectives, GAO analyzed Commission documents, interviewed its member agencies and private financial literacy organizations, and benchmarked the national strategy against GAO's criteria for such strategies."
Date: April 30, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Information on Selected Issues Concerning Banking Activities (open access)

Information on Selected Issues Concerning Banking Activities

Correspondence issued by the Government Accountability Office with an abstract that begins "This letter responds to Congress's request for information on (1) selected federal expenditures, policies, and programs that affect the U.S. banking industry and (2) certain banking industry trends. These include the savings and loan industry crisis, trade finance, tax policies, and profits and executive compensation. Congress's letter also asked us for information on bank fees; as agreed with Congressional staff, we will discuss this topic in a separate report. On December 11, 2006, we briefed Congressional staff on information gathered during our preliminary work. This letter summarizes and updates the information presented at the briefing."
Date: April 30, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Nursing Workforce: HHS Needs Methodology to Identify Facilities with a Critical Shortage of Nurses (open access)

Nursing Workforce: HHS Needs Methodology to Identify Facilities with a Critical Shortage of Nurses

Correspondence issued by the Government Accountability Office with an abstract that begins "Registered nurses (RN) are the single largest group of health care providers in the United States, with more than 2.4 million people employed as RNs in 2004. Basic RN training may be completed through a 2-year associate's degree, a 3-year diploma, or a 4-year bachelor's degree. RNs work in a wide variety of settings, including hospitals, nursing homes, physicians' offices, and public health clinics. Reports by government agencies and others have raised concerns about nurse shortages. In 2001, we reported on an emerging shortage of RNs to fill vacant positions across a range of health care settings. The Health Resources and Services Administration (HRSA), an agency in the Department of Health and Human Services (HHS), estimated that the supply of RNs nationally fell approximately 111,000 short of demand in 2000 (5.5 percent) and projected the gap would widen in the ensuing years. A shortage of RNs, like general workforce shortages, occurs when the demand for RNs exceeds supply. The supply of RNs, or the number of RNs employed, is influenced by multiple factors, including the size of the overall labor force, the number of licensed RNs choosing to …
Date: April 30, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Immigration Benefits: Sixteenth Report Required by the Haitian Refugee Immigration Fairness Act of 1998 (open access)

Immigration Benefits: Sixteenth Report Required by the Haitian Refugee Immigration Fairness Act of 1998

Correspondence issued by the Government Accountability Office with an abstract that begins "This report responds to certain requirements of the Haitian Refugee Immigration Fairness Act (HRIFA) of 1998 that authorized certain Haitian nationals and their dependents to apply to adjust their status to lawful permanent residence. Section 902 (k) of the act requires the Comptroller General to report every 6 months on the number of Haitian nationals who have applied and been approved to adjust their status to lawful permanent residence. The reports are to contain a breakdown of the number of Haitians who applied and the number who were approved as asylum applicants, parolees, children without parents, orphaned children, or abandoned children; or as the eligible dependents of these applicants, including spouses, children, and unmarried sons or daughters. Reports are to be provided until all applications have been finally adjudicated. This is GAO's sixteenth report."
Date: April 27, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Defense Budget: Review of DOD's Report on Budgeting for Fuel Cost Fluctuations (open access)

Defense Budget: Review of DOD's Report on Budgeting for Fuel Cost Fluctuations

Correspondence issued by the Government Accountability Office with an abstract that begins "The Office of Management and Budget (OMB) establishes for the Department of Defense (DOD) the price DOD will use for pricing crude oil when constructing its budget for upcoming fiscal years. DOD in turn uses OMB's price in establishing the standard price to be used for a barrel of fuel for budgeting purposes by DOD fuel customers such as the military services. Because of the volatility of world petroleum prices, the standard price for a barrel of fuel included in the President's annual budget request for DOD may be lower or higher than the actual price established by the world market at any point in time after DOD's budget request is submitted to the Congress. During the fiscal year, DOD pays for fuel at the actual market rate, which typically varies from the budgeted rate. As a result, if the actual price of crude oil increases above the price DOD charges its customers, more dollars are needed to pay for fuel than originally budgeted. If the actual price is lower than what DOD charges its customers, DOD has more dollars than needed. Additionally, if DOD responds to increases …
Date: April 26, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Defense Logistics: Army and Marine Corps's Individual Body Armor System Issues (open access)

Defense Logistics: Army and Marine Corps's Individual Body Armor System Issues

Correspondence issued by the Government Accountability Office with an abstract that begins "Since combat operations began in Iraq and Afghanistan, U.S. forces have been subjected to frequent and deadly attacks from insurgents using various weapons such as improvised explosive devices (IED), mortars, rocket launchers, and increasingly lethal ballistic threats. Since 2003, to provide protection from ballistic threats, U.S. Central Command (CENTCOM), which is responsible for operations in Iraq and Afghanistan and other areas, has required service members and Department of Defense (DOD) civilians in its area of operations to be issued the Interceptor Body Armor (IBA) system. Used by all U.S. military service members and DOD civilians in the area of operations, the IBA consists of an outer tactical vest with ballistic inserts or plates that cover the front, back, and sides. As the ballistic threat has evolved, ballistic requirements have also changed. The vest currently provides protection from 9mm rounds, while the inserts provide protection against 7.62mm armor-piercing rounds. Additional protection can also be provided for the shoulder, throat, and groin areas. Concerns also regarding the level of protection and amount of IBA needed to protect U.S. forces have occurred in recent years, prompted by a number of reports, …
Date: April 26, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Maritime Security: Observations on Selected Aspects of the SAFE Port Act (open access)

Maritime Security: Observations on Selected Aspects of the SAFE Port Act

Testimony issued by the Government Accountability Office with an abstract that begins "The United States has a vital national interest in maritime security. The safety and economic security of the United States depend in substantial part upon the secure use of the world's waterways and ports. In an effort to further the progress made through the Maritime Transportation Security Act of 2002, the Security and Accountability for Every Port Act (SAFE Port Act) was passed and became effective in October 2006. This testimony, which is based on past GAO work, synthesizes the results of this work as it pertains to the following: (1) overall port security, (2) facility security at U.S. ports, (3) the international supply chain and cargo container security, and (4) customs revenue collection efforts."
Date: April 26, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Texas Attorney General Opinion: GA-0543 (open access)

Texas Attorney General Opinion: GA-0543

Document issued by the Office of the Attorney General of Texas in Austin, Texas, providing an interpretation of Texas law. It provides the opinion of the Texas Attorney General, Greg Abbott, regarding a legal question submitted for clarification: Whether, in light of section 716.101 of the Health and Safety Code, a county may cremate an unidentified deceased pauper's remains.
Date: April 26, 2007
Creator: Texas. Attorney-General's Office.
System: The Portal to Texas History
U.S. Public Diplomacy: Strategic Planning Efforts Have Improved, but Agencies Face Significant Implementation Challenges (open access)

U.S. Public Diplomacy: Strategic Planning Efforts Have Improved, but Agencies Face Significant Implementation Challenges

Testimony issued by the Government Accountability Office with an abstract that begins "Since the terrorist attacks of 9/11, polling data have generally shown that anti-Americanism has spread and deepened around the world, and several groups have concluded that this trend may have harmed U.S. interests in significant ways. U.S. public diplomacy activities undertaken by the State Department (State) and the Broadcasting Board of Governors (BBG), which totaled almost $1.5 billion in fiscal year 2006, are designed to counter such sentiments. Based on our prior reports, this testimony addresses (1) the negative consequences various groups have associated with rising anti-American sentiments; (2) strategic planning, coordination, and performance measurement issues affecting U.S. public diplomacy efforts; and (3) key challenges that hamper agency activities."
Date: April 26, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Aviation Security: TSA's Change to Its Prohibited Items List Has Not Resulted in Any Reported Security Incidents, but the Impact of the Change on Screening Operations Is Inconclusive (open access)

Aviation Security: TSA's Change to Its Prohibited Items List Has Not Resulted in Any Reported Security Incidents, but the Impact of the Change on Screening Operations Is Inconclusive

Correspondence issued by the Government Accountability Office with an abstract that begins "The alleged August 2006 terrorist plot to detonate liquid explosives onboard multiple commercial aircraft bound for the United States from the United Kingdom has highlighted both the continued importance of securing the civil aviation system and the potential that improvised explosive devices (IED) may be smuggled onboard passenger aircraft. The Transportation Security Administration (TSA) has primary responsibility for ensuring the security of civil aviation, which includes the safety of passengers and flight crew. One measure TSA uses to protect the aviation system is prohibiting individuals from carrying items that it determines to be a threat to the aircraft and its passengers into an airport sterile area or onboard an aircraft either in their carry-on bag or on their person. To implement this measure, TSA maintains a prohibited items list that informs both the Transportation Security Officers (TSO) who conduct passenger screening and the traveling public of items that will not be allowed into an airport sterile area or onboard an aircraft. In December 2005, TSA revised its prohibited items list to allow passengers to carry: (1) metal scissors with pointed tips and a blade 4 inches or less …
Date: April 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Commercial Aviation: Programs and Options for Providing Air Service to Small Communities (open access)

Commercial Aviation: Programs and Options for Providing Air Service to Small Communities

Testimony issued by the Government Accountability Office with an abstract that begins "Congress established two key programs to help support air service to small communities--the Essential Air Service (EAS) providing about $100 million in subsidies per year and the Small Community Air Service Development Program (SCASDP) that provides about $20 million per year in grants. As part of its reauthorization of the Federal Aviation Administration (FAA), the Congress is examining the status and outcomes of these programs. This testimony discusses (1) the history and challenges of the EAS program, (2) the implementation and outcomes of the SCASDP and (3) options for reforming EAS and SCASDP. The testimony is based on previous GAO reports, interviews with Department of Transportation officials and industry representatives as well as program updates."
Date: April 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Department of Homeland Security: Observations on GAO Access to Information on Programs and Activities (open access)

Department of Homeland Security: Observations on GAO Access to Information on Programs and Activities

Testimony issued by the Government Accountability Office with an abstract that begins "In testimony before this committee and the House Committee on Appropriations, Subcommittee on Homeland Security in February 2007, GAO stated that the Department of Homeland Security (DHS) has not made its management or operational decisions transparent enough to allow Congress to be sure that the Department is effectively, efficiently, and economically using its billions of dollars of annual funding. GAO also noted that its work for Congress to assess DHS's operations has, at times, been significantly hampered by long delays in obtaining access to program documents. Following the aforementioned testimonies, GAO was asked to testify about its access issues. This testimony provides information on (1) the scope of GAO's work, (2) GAO protocols for accessing agency information, (3) DHS processes for working with GAO, (4) access issues GAO has encountered, and (5) steps GAO has taken to address these issues."
Date: April 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Perchlorate: EPA Does Not Systematically Track Incidents of Contamination (open access)

Perchlorate: EPA Does Not Systematically Track Incidents of Contamination

Testimony issued by the Government Accountability Office with an abstract that begins "Perchlorate has been used for decades by the Department of Defense, the National Aeronautics and Space Administration, and the defense industry in manufacturing, testing, and firing missiles and rockets. Other uses include fireworks, fertilizers, and explosives. Perchlorate is readily dissolved and transported in water and has been found in groundwater, surface water, and soil across the country. Perchlorate emerged as a contaminant of concern because health studies have shown that it can affect the thyroid gland, which helps regulate the body's metabolism, and may cause developmental impairment in fetuses of pregnant women. In 2005, EPA set a reference dose of 24.5 parts per billion (ppb)--the exposure level not expected to cause adverse effect in humans. Today's testimony updates GAO's May 2005 report, Perchlorate: A System to Track Sampling and Cleanup Results is Needed, GAO-05-462. It summarizes GAO's (1) compilation of the extent of perchlorate contamination in the U.S. and (2) review of peer-reviewed studies about perchlorate's health risks. GAO's 2005 report recommended that EPA work to track and monitor perchlorate detections and cleanup efforts. In December 2006, EPA reiterated its disagreement with this recommendation. GAO continues to believe …
Date: April 25, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
2010 Census: Design Shows Progress, but Managing Technology Acquisitions, Temporary Field Staff, and Gulf Region Enumeration Require Attention (open access)

2010 Census: Design Shows Progress, but Managing Technology Acquisitions, Temporary Field Staff, and Gulf Region Enumeration Require Attention

Testimony issued by the Government Accountability Office with an abstract that begins "The decennial census is a Constitutionally-mandated activity that produces data used to apportion congressional seats, redraw congressional districts, and allocate billions of dollars in federal assistance. The Census Bureau (Bureau) estimates the 2010 Census will cost $11.3 billion, making it the most expensive in the nation's history. This testimony discusses the Bureau's progress in preparing for the 2010 Census to (1) implement operations to increase the response rate and control costs; (2) use technology to increase productivity; (3) hire and train temporary staff; and (4) plan an accurate census in areas affected by hurricanes Katrina and Rita. The testimony is based on previously issued GAO reports and work nearing completion in which GAO observed recruiting, hiring, and training practices in the 2006 test, and visited localities that participated in the Local Update of Addresses Dress Rehearsal as well in the Gulf Coast region."
Date: April 24, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Capitol Visitor Center: Update on Status of Project's Schedule and Cost as of April 17, 2007 (open access)

Capitol Visitor Center: Update on Status of Project's Schedule and Cost as of April 17, 2007

Testimony issued by the Government Accountability Office with an abstract that begins "The purpose of this testimony is to assist the Committees in monitoring progress on the Capitol Visitor Center (CVC) project. This testimony will focus on (1) the Architect of the Capitol's (AOC) construction progress since the last CVC hearing on March 13, 2007; and (2) the project's expected cost at completion and funding status. GAO's remarks are based on our review of schedules and financial reports for the CVC project and related records maintained by AOC and its construction management contractor, Gilbane Building Company; observations on the progress of work at the CVC construction site; and discussions with the CVC team (AOC and its major CVC contractors), AOC's Chief Fire Marshal, and representatives from the U.S. Capitol Police."
Date: April 24, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Department of Energy: Observations on Actions to Implement the New Loan Guarantee Program for Innovative Technologies (open access)

Department of Energy: Observations on Actions to Implement the New Loan Guarantee Program for Innovative Technologies

Testimony issued by the Government Accountability Office with an abstract that begins "The Energy Policy Act of 2005 (EPAct 05) authorized the Department of Energy (DOE) to establish a loan guarantee program (LGP) for projects intended to, decrease air pollutants or man-made greenhouse gases, employ new or significantly better technologies, and have a reasonable prospect of repayment. The Federal Credit Reform Act requires appropriated budget authority for LGP costs before loans can be made. In 2006, DOE solicited preapplications to the LGP, stating it intended to issue up to $2 billion in guarantees. It also issued guidelines for these proposals, stating that borrowers would ultimately pay for all costs, but funding was authorized. This testimony is based on GAO's February 2007 report (Department of Energy: Key Steps Needed to Help Ensure the Success of the New Loan Guarantee Program, GAO-07-339R) and its April 20, 2007 legal opinion (B-308715). GAO discusses the sources and use of funds for the LGP in fiscal years 2006 and 2007; DOE's authority to implement the LGP and to fund the program before Congress had appropriated funding; extent to which the LGP could result in a financial risk to the taxpayer; and steps DOE has taken …
Date: April 24, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Federal Oversight of Food Safety: High-Risk Designation Can Bring Attention to Limitations in the Government's Food Recall Programs (open access)

Federal Oversight of Food Safety: High-Risk Designation Can Bring Attention to Limitations in the Government's Food Recall Programs

Testimony issued by the Government Accountability Office with an abstract that begins "Each year, about 76 million people contract a foodborne illness in the United States; about 325,000 require hospitalization; and about 5,000 die. The outbreaks of E. coli in spinach and Salmonella in peanut butter, along with contamination in pet food, have highlighted the risks posed by accidental food contamination. The attacks of September 11, 2001, heightened awareness that the food supply could also be vulnerable to deliberate contamination. This testimony focuses on the (1) role that GAO's high-risk series can play in raising the priority and visibility of the need to transform federal oversight of food safety, (2) fragmented nature of federal oversight of food safety, and (3) limitations in federal food recall programs."
Date: April 24, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Federal Transit Benefits Program: Ineffective Controls Result in Fraud and Abuse by Federal Workers (open access)

Federal Transit Benefits Program: Ineffective Controls Result in Fraud and Abuse by Federal Workers

Testimony issued by the Government Accountability Office with an abstract that begins "Under the federal transit benefits program, federal employees receive transit benefits (e.g., Metrocheks) to encourage them to commute to work via public transportation. Based on information provided by the Department of Transportation, as of July 2006, the National Capital Region had 120,000 participants claiming roughly $140 million in benefits. Recently, inspectors general (IG) of various agencies have found numerous prior instances of fraud, waste, and abuse in this federal program. Based on both the significance of these IG findings and the amount of federal money spent on transit benefits, GAO was asked to (1) investigate allegations that federal employees in the National Capital Region are involved in fraud and abuse related to the transit benefits program, (2) identify the potential causes of any fraud or abuse that is detected, and (3) estimate the magnitude of fraud and abuse in the National Capital Region in 2006. To address these objectives, GAO identified federal employees selling their transit benefits on the Internet and obtained additional data from these sellers' employing agencies to determine whether more widespread problems existed. GAO also obtained the policies and procedures governing the transit benefits program …
Date: April 24, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Texas Attorney General Opinion: GA-0542 (open access)

Texas Attorney General Opinion: GA-0542

Document issued by the Office of the Attorney General of Texas in Austin, Texas, providing an interpretation of Texas law. It provides the opinion of the Texas Attorney General, Greg Abbott, regarding a legal question submitted for clarification: Whether abandoned vehicles seized by the county sheriff must be disposed of pursuant to Transportation Code chapter 683 or Code of Criminal Procedure article 18.17.
Date: April 24, 2007
Creator: Texas. Attorney-General's Office.
System: The Portal to Texas History
Stabilizing and Rebuilding Iraq: Conditions in Iraq Are Conducive to Fraud, Waste, and Abuse (open access)

Stabilizing and Rebuilding Iraq: Conditions in Iraq Are Conducive to Fraud, Waste, and Abuse

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses some of the systemic conditions in Iraq that contribute to the fraud, waste, or abuse of U.S.-provided funds. Since 2003, DOD has reported total costs of about $257.5 billion for military operations in Iraq; these have increased from about $38.8 billion in fiscal year 2003 to about $83.4 billion in fiscal year 2006. The largest increase has been in operation and maintenance expenses, including items such as support for housing, food, and services; the repair of equipment; and transportation of people, supplies and equipment. Many of the operation and maintenance expenses are for services. Other U.S. government agencies had reported obligations of $29 billion for Iraqi reconstruction and stabilization, as of October 2006. These funds have been used for, among other things, infrastructure repair of the electricity, oil, water, and health sectors; training and equipping of the Iraqi security forces; and administrative expenses. Specifically, the testimony focuses on (1) security, (2) management and reporting of the program to train and equip Iraqi security forces, (3) contracting and contract management activities, and (4) Iraqi capacity and commitment to manage and fund reconstruction and security efforts."
Date: April 23, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
VA Vocational Rehabilitation and Employment: Service Contract Management Is Improving, but Challenges Remain (open access)

VA Vocational Rehabilitation and Employment: Service Contract Management Is Improving, but Challenges Remain

Correspondence issued by the Government Accountability Office with an abstract that begins "The Department of Veterans Affairs' (VA) Vocational Rehabilitation and Employment (VR&E) program provides services such as vocational counseling and job training to assist veterans with service-connected disabilities obtain and maintain suitable employment and achieve maximum independence in daily living. In fiscal year 2006, the VR&E program obligated about $702 million and served about 89,000 veterans. The Veterans Benefits Administration (VBA), which administers the VR&E program, provides some services to veterans through two types of contracts--national contracts and local contracts. In fiscal year 2003, VA adopted the National Acquisition Strategy (NAS) to award contracts at the national level to ensure that veterans have access to the same quality and types of VR&E services across regional offices. These national contracts, once awarded, are implemented by VA's regional offices. Services available under these national contracts include initial evaluations, case management, and employment placement assistance. In fiscal year 2006, VR&E spent about $15 million through national contracts. There are 165 national contracts currently active in fiscal year 2007. Regional offices also can negotiate and implement local contracts for services that are not provided through national contracts such as tutoring and computer skills …
Date: April 23, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Climate Change: Financial Risks to Federal and Private Insurers in Coming Decades are Potentially Significant (open access)

Climate Change: Financial Risks to Federal and Private Insurers in Coming Decades are Potentially Significant

Testimony issued by the Government Accountability Office with an abstract that begins "Weather-related events in the United States have caused tens of billions of dollars in damages annually over the past decade. A major portion of these losses is borne by private insurers and by two federal insurance programs-- the Federal Emergency Management Agency's National Flood Insurance Program (NFIP), which insures properties against flooding, and the Department of Agriculture's Federal Crop Insurance Corporation (FCIC), which insures crops against drought or other weather disasters. In this testimony, GAO (1) describes how climate change may affect future weather-related losses, (2) provides information on past insured weather-related losses, and (3) determines what major private insurers and federal insurers are doing to prepare for potential increases in such losses. This testimony is based on a report entitled Climate Change: Financial Risks to Federal and Private Insurers in Coming Decades are Potentially Significant (GAO-07-285) being released today."
Date: April 19, 2007
Creator: United States. Government Accountability Office.
System: The UNT Digital Library