A Review and Evaluation of Selected Government Programs to Handle Risk

Mark R. Greene
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Mark R. Greene: Department of Risk Management and Insurance, at the College of Business Administration, The University of Georgia

The ANNALS of the American Academy of Political and Social Science, 1979, vol. 443, issue 1, 129-144

Abstract: Six government insurance programs are de scribed and evaluated against three criteria: (1) size and sig nificance of the economic burden imposed by the risks covered, (2) public acceptance of the program, and (3) necessity of govern ment initiative to accept the risk if private insurers could not do so. It is concluded that government handling of flood and swine flu liability risks are justified, but the government pro grams in riot reinsurance, crime insurance, and nuclear energy liability should be terminated. Federal crop insurance is of questionable necessity in view of the basic insurability of this risk by private insurers.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:443:y:1979:i:1:p:129-144

DOI: 10.1177/000271627944300113

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