S.2286 - Commission on Natural Catastrophe Risk Management and Insurance Act of 2007

An original bill to establish a nonpartisan commission on natural catastrophe risk management and insurance, and for other purposes. view all titles (3)

All Bill Titles

  • Official: An original bill to establish a nonpartisan commission on natural catastrophe risk management and insurance, and for other purposes. as introduced.
  • Short: Commission on Natural Catastrophe Risk Management and Insurance Act of 2007 as introduced.
  • Short: Commission on Natural Catastrophe Risk Management and Insurance Act of 2007 as reported to senate.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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11/01/07
 
 
 
 
 
 
 

Official Summary

Commission on Natural Catastrophe Risk Management and Insurance Act of 2007 - Establishes the Commission on Natural Catastrophe Risk Management and Insurance to report to Congress on its findings and assessments regarding the risks posed to the United States by natural catastrophes, and mea

Official Summary

Commission on Natural Catastrophe Risk Management and Insurance Act of 2007 - Establishes the Commission on Natural Catastrophe Risk Management and Insurance to report to Congress on its findings and assessments regarding the risks posed to the United States by natural catastrophes, and means for mitigating those risks and paying for losses caused by such catastrophes. Requires the Commission to assess:
(1) the condition of the property and casualty insurance and reinsurance markets prior to and in the aftermath of Hurricanes Katrina, Rita, and Wilma in 2005, and the four major hurricanes that struck the United States in 2004;
(2) the current condition of, as well as the outlook for, the availability and affordability of insurance in all regions of the country; and
(3) the current ability of states, communities, and individuals to mitigate their natural catastrophe risks, including the affordability and feasibility of such activities.Directs the Commission to report its findings and assessments to certain congressional committees on December 1, 2008.

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