Product Description: What are the Terrorism Risk Insurance Act1s effects on the market for terrorism insurance? What would be the effect of enhancing provisions for nuclear, biological, chemical, and radiological (NBCR) attacks? The authors conclude that the program yields positive outcomes in a number of dimensions for conventional attacks and identify specific reforms that can improve results for NBCR attacks...read more

Product Description: The National Flood Insurance Program (NFIP) provides the majority of flood insurance on U.S. residential properties. While insurance agents sell nearly all NFIP policies through private insurance companies, the U.S. government still underwrites them...read more

Product Description: The California Air Resources Board has extended warranties on repairs related to vehicle emission control to 15 years or 150,000 miles on certain types of vehicles. Because warranty repairs must be done at new-car dealer repair shops, extending warranties may have a negative impact on independent repair shops...read more

Product Description: This report analyzes the effects of an innovative and controversialprogram--voluntary accelerated vehicle retirement--that is part of California's plan for complying with federal clean-air standards by the required date of 2010. Under this program, whose implementation is in doubt, during each year from 2001 to 2010 as many as 75,000 light-duty vehicles (LDVs) that are at least 15 years old would be purchased in the greater Los Angeles area and then scrapped...read more