Cyber Insurance as an Incentive for Internet Security
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Citing failures of the crop insurance
program to attract adequate participation
at sufficiently high coverage levels,
Congress has passed two crop insurance
reform bills since 1980, in 1994 and 2000,
that have increased the scope of the
program and the size of government costs.
The Agricultural Risk Protection Act of
2000 provides $8.2 billion in subsidies
over five years to encourage the purchase
of federal crop insurance. Projected
annual costs of the program under this
legislation are estimated at $3 billion,
almost double the annual costs under the
previous program and a ten-fold increase
over spending levels of the early 1980s.
As the costs of the program have grown,
criticisms have arisen that the high...
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Cyber Insurance as an Incentive for Internet Security
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Cyber Insurance as an Incentive for Internet Security
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