Amid Greater Disaster Costs, CBO Weighs Steps To Boost Insurance

On the heels of billions of dollars in damages from two major hurricanes in recent weeks, the Congressional Budget Office (CBO) is floating steps for how the federal government could bolster insurance coverage to help protect against such climate change-related disasters. In an Oct. 16 presentation at the American Academy of Actuaries annual meeting, CBO analysts Sheila Campbell and David Torregrosa floated two options for how the federal government could increase access to disaster insurance. “Both approaches would allow faster...