Life Insurance Settlements: Regulatory Inconsistencies May Pose a Number of Challenges (open access)

Life Insurance Settlements: Regulatory Inconsistencies May Pose a Number of Challenges

A letter report issued by the Government Accountability Office with an abstract that begins "Since the late 1990s, life settlements have offered consumers benefits but also exposed them to risks, giving rise to regulatory concerns. A policy owner with unneeded life insurance can surrender the policy to the insurer for its cash surrender value. Or, the owner may receive more by selling the policy to a third-party investor through a life settlement. These transactions have involved high-dollar-amount policies covering older persons. Despite their potential benefits, life settlements can have unintended consequences for policy owners, such as unexpected tax liabilities. Also, policy owners commonly rely on intermediaries to help them, and some intermediaries may engage in abusive practices. As requested, this report addresses how the life settlement market is organized and regulated, and what challenges policy owners, investors, and others face in connection with life settlements. GAO reviewed and analyzed studies on life settlements and applicable state and federal laws; surveyed insurance regulators and life settlement providers; and interviewed relevant market participants, state and federal regulators, trade associations, and market observers."
Date: July 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Maritime Security: Varied Actions Taken to Enhance Cruise Ship Security, but Some Concerns Remain (open access)

Maritime Security: Varied Actions Taken to Enhance Cruise Ship Security, but Some Concerns Remain

A letter report issued by the Government Accountability Office with an abstract that begins "Over 9 million passengers departed from U.S. ports on cruise ships in 2008, and according to agency officials, cruise ships are attractive terrorist targets. GAO was asked to review cruise ship security, and this report addresses the extent to which (1) the Coast Guard, the lead federal agency on maritime security, assessed risk in accordance with the Department of Homeland Security's (DHS) guidance and identified risks; and (2) federal agencies, cruise ship and facility operators, and law enforcement entities have taken actions to protect cruise ships and their facilities. GAO reviewed relevant requirements and agency documents on maritime security, analyzed 2006 through 2008 security operations data, interviewed federal and industry officials, and made observations at seven ports. GAO selected these locations based on factors such as the number of sailings from each port. Results of the visits provided additional information on security, but were not projectable to all ports."
Date: April 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Afghanistan Drug Control: Strategy Evolving and Progress Reported, but Interim Performance Targets and Evaluation of Justice Reform Efforts Needed (open access)

Afghanistan Drug Control: Strategy Evolving and Progress Reported, but Interim Performance Targets and Evaluation of Justice Reform Efforts Needed

A letter report issued by the Government Accountability Office with an abstract that begins "The illicit drug trade remains a challenge to the overall U.S. counterinsurgency campaign in Afghanistan. Afghanistan produces over 90 percent of the world's opium, which competes with the country's licit agriculture industry, provides funds to insurgents, and fuels corruption in Afghanistan. Since 2005, the United States has allotted over $2 billion to stem the production, consumption, and trafficking of illicit drugs while building the Afghan government's capacity to conduct counternarcotics activities on its own. In this report, GAO (1) examines how the U.S. counternarcotics strategy in Afghanistan has changed; (2) assesses progress made and challenges faced within the elimination/eradication, interdiction, justice reform, public information, and drug demand reduction program areas; and (3) assesses U.S. agencies' monitoring and evaluation efforts. To address these objectives, GAO obtained pertinent program documents and interviewed relevant U.S. and Afghan officials. GAO has prepared this report under the Comptroller General's authority to conduct evaluations on his own initiative."
Date: March 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Military Readiness: Navy Needs to Reassess Its Metrics and Assumptions for Ship Crewing Requirements and Training (open access)

Military Readiness: Navy Needs to Reassess Its Metrics and Assumptions for Ship Crewing Requirements and Training

A letter report issued by the Government Accountability Office with an abstract that begins "Since 2000, the Navy has undertaken a number of initiatives to achieve greater efficiencies and reduce costs. For example, it has reduced crew sizes on some of its surface ships and has moved from instructor-led to more computer-based training. In House Report 111-166, which accompanied the National Defense Authorization Act for Fiscal Year 2010, the House Armed Services Committee directed GAO to review the training, size, composition, and capabilities of the Navy's ship crews. This report assesses the extent to which the Navy (1) used valid assumptions and standards in determining crew sizes for cruisers and destroyers, and (2) has measured the impact of changes to its training programs, including on the time it takes personnel to achieve various qualifications. To do so, GAO analyzed Navy procedures for determining crew size compared to guidance, analyzed current Navy metrics to measure training impact, and interviewed relevant officials and conducted visits to 11 ships."
Date: June 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Military Munitions Response Program: Opportunities Exist to Improve Program Management (open access)

Military Munitions Response Program: Opportunities Exist to Improve Program Management

A letter report issued by the Government Accountability Office with an abstract that begins "The Department of Defense (DOD) established the military munitions response program (MMRP) in 2001 to clean up sites known to be or suspected of being contaminated with military munitions and related hazardous substances. Cleanup of sites on active and base realignment and closure installations is the responsibility of the military service--Air Force, Army, Navy, or Marine Corps--that currently controls the land, and the Army has delegated execution of cleanup of formerly used defense sites (FUDS) to the U.S. Army Corps of Engineers (Corps). GAO was mandated to assess the (1) MMRP staffing and funding levels; (2) progress DOD has made in cleaning up munitions response sites; (3) extent to which DOD has established MMRP performance goals; and (4) extent to which DOD collects data on factors influencing project duration, as well as the accuracy of its cleanup cost estimates. GAO analyzed MMRP data and DOD documents and interviewed officials from DOD, the military services, and the Corps."
Date: April 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Aviation Weather: Agencies Need to Improve Performance Measurement and Fully Address Key Challenges (open access)

Aviation Weather: Agencies Need to Improve Performance Measurement and Fully Address Key Challenges

A letter report issued by the Government Accountability Office with an abstract that begins "The National Weather Service's (NWS) weather products are a vital component of the Federal Aviation Administration's (FAA) air traffic control system. In addition to providing aviation weather products developed at its own facilities, NWS also provides on-site staff at each of FAA's en route centers--the facilities that control high-altitude flight outside the airport tower and terminal areas. NWS's on-site staff is called a center weather service unit. For several years, NWS and FAA have been exploring options for improving the aviation weather services provided at en route centers. GAO agreed to (1) determine the status of the agencies' efforts to restructure aviation weather services, (2) assess the agencies' progress in establishing performance baselines in order to measure the effect of any changes, and (3) evaluate plans to address key challenges. To do so, GAO evaluated agency progress and plans and compared agency efforts with leading practices."
Date: September 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Iraq: Iraqi Refugees and Special Immigrant Visa Holders Face Challenges Resettling in the United States and Obtaining U.S. Government Employment (open access)

Iraq: Iraqi Refugees and Special Immigrant Visa Holders Face Challenges Resettling in the United States and Obtaining U.S. Government Employment

A letter report issued by the Government Accountability Office with an abstract that begins "Since the February 2006 bombing of the Al-Askari Mosque in Samara that triggered the displacement of thousands of Iraqis, the United States has taken a lead role in resettling the displaced. The administration has indicated its intent to assist those Iraqis who supported the United States in Iraq. In addition, Congress authorized the Departments of Defense (DOD) and State (State) to jointly establish and operate a program to offer temporary employment to Iraqi special immigrant visa (SIV) holders in the United States. This report provides information on the (1) status of resettled Iraqis in the United States and the initial challenges they face, (2) benefits afforded Iraqi refugees and SIV holders, and (3) challenges they face obtaining employment with the federal government. GAO conducted this review under the Comptroller General's authority. GAO analyzed data on Iraqi refugees and SIV holders in the United States, and laws and regulations on the benefits afforded to them. GAO also analyzed U.S. government employment and personnel security requirements. GAO interviewed officials from five key agencies regarding these requirements. This report does not contain recommendations. DOD provided official comments. State and …
Date: March 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Information Security: National Nuclear Security Administration Needs to Improve Contingency Planning for Its Classified Supercomputing Operations (open access)

Information Security: National Nuclear Security Administration Needs to Improve Contingency Planning for Its Classified Supercomputing Operations

A letter report issued by the Government Accountability Office with an abstract that begins "In the absence of underground nuclear weapons testing, the National Nuclear Security Administration (NNSA) relies on its supercomputing operations at its three weapons laboratories to simulate the effects of changes to current weapons systems, calculate the confidence of future untested systems, and ensure military requirements are met. GAO was requested to assess the extent to which (1) NNSA has implemented contingency and disaster recovery planning and testing for its classified supercomputing systems, (2) the laboratories are able to share supercomputing capacity for recovery operations, and (3) NNSA tracks the costs for contingency and disaster recovery planning for supercomputing assets. To do this work, GAO examined contingency and disaster recovery planning policies and activities, and analyzed classified supercomputing capabilities at the weapons laboratories, and NNSA budgetary data."
Date: December 9, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library