Waste, Fraud, and Abuse in the Federal Crop Insurance Program

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ISBN 13 : 9781696306904
Total Pages : 114 pages
Book Rating : 4.3/5 (69 download)

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Book Synopsis Waste, Fraud, and Abuse in the Federal Crop Insurance Program by : United States House of Representatives

Download or read book Waste, Fraud, and Abuse in the Federal Crop Insurance Program written by United States House of Representatives and published by . This book was released on 2019-09-29 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Waste, fraud, and abuse in the Federal Crop Insurance Program: hearing before the Committee on Oversight and Government Reform, House of Representatives, One Hundred Tenth Congress, first session, May 3, 2007.

Waste, Fraud, and Abuse in the Federal Crop Insurance Program

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983968815
Total Pages : 114 pages
Book Rating : 4.9/5 (688 download)

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Book Synopsis Waste, Fraud, and Abuse in the Federal Crop Insurance Program by : Professor United States Congress

Download or read book Waste, Fraud, and Abuse in the Federal Crop Insurance Program written by Professor United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-18 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Waste, fraud, and abuse in the Federal Crop Insurance Program: hearing before the Committee on Oversight and Government Reform, House of Representatives, One Hundred Tenth Congress, first session, May 3, 2007.

Waste, Fraud, and Abuse in the Federal Crop Insurance Program

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ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Waste, Fraud, and Abuse in the Federal Crop Insurance Program by : United States. Congress. House. Committee on Oversight and Government Reform

Download or read book Waste, Fraud, and Abuse in the Federal Crop Insurance Program written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2008 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program

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ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program by : United States. Congress. House. Committee on Agriculture. Subcommittee on General Farm Commodities and Risk Management

Download or read book Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program written by United States. Congress. House. Committee on Agriculture. Subcommittee on General Farm Commodities and Risk Management and published by . This book was released on 2006 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crop Insurance

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Publisher : DIANE Publishing
ISBN 13 : 9781422304556
Total Pages : 94 pages
Book Rating : 4.3/5 (45 download)

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Book Synopsis Crop Insurance by : Robert A. Robinson

Download or read book Crop Insurance written by Robert A. Robinson and published by DIANE Publishing. This book was released on 2006-03 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fed. crop insurance protects producers against losses from natural disasters. In 2004, the crop insurance program provided $47 billion in coverage, at a cost of $3.6 billion, including an est. $160 million in losses from fraud & abuse. The U.S. Dept. of Agriculture's (USDA) Risk Management Agency administers this program with private insurers. The Agricultural Risk Protection Act of 2000 provided new tools to monitor & control abuses, such as having USDA's Farm Service Agency conduct field inspections. This report assessed, among other things, the: (1) effectiveness of USDA's processes to address program fraud & abuse & (2) extent to which the program's design makes it vulnerable to abuse. Includes recommendations. Illustrations.

Crop Insurance

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ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Crop Insurance by : United States. Government Accountability Office

Download or read book Crop Insurance written by United States. Government Accountability Office and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crop Insurance Fraud and Misrepresentations

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Crop Insurance Fraud and Misrepresentations by : Chad G. Marzen

Download or read book Crop Insurance Fraud and Misrepresentations written by Chad G. Marzen and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fraud in the federal crop insurance program has been currently estimated to cost taxpayers in the millions of dollars. Despite efforts by both private crop insurers and the federal government to combat fraud associated with claims in the program, crop insurance fraud, and misrepresentations associated with crop insurance policies, remain a significant issue of national concern. This article offers a comprehensive examination of contemporary legal issues concerning the issue of crop insurance fraud and misrepresentations. Section I provides an overview of the contemporary problem of fraud in crop insurance and discusses the responses of both private insurers and the federal government to curb and combat waste, fraud and abuse in the program. Section II explores the variety of legal remedies to combat crop insurance fraud and misrepresentations among reported cases. In criminal law, the possibility of substantial criminal sentences (of up to 30 years in prison) and criminal prosecutions of crop insurance fraud serve as a deterrence to the commission of acts of fraud. Substantial monetary civil penalties also exist to deter fraud. In addition, misrepresentations in applications for crop insurance, particularly the misrepresentations of actual interests in crops, have led to cases where insureds cannot recover for damages due to covered causes of losses. The current magnitude of fraud and abuse in the federal crop insurance program reflects the need for more aggressive action to further eliminate abuses to help ensure the federal crop insurance program remains a vital source of support for America's farmers. In the light of the significant issue of fraud and/or misrepresentations associated with policies in the federal crop insurance program, Section III proposes several additional measures which can be implemented by legislation and by judicial interpretation to further combat fraud.

Waste, Fraud, and Abuse in the Federal Crop Insurance Program :.

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (122 download)

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Book Synopsis Waste, Fraud, and Abuse in the Federal Crop Insurance Program :. by : United States. Congress. House. Committee on Oversight and Government Reform

Download or read book Waste, Fraud, and Abuse in the Federal Crop Insurance Program :. written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781984348043
Total Pages : 74 pages
Book Rating : 4.3/5 (48 download)

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Book Synopsis Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program by : United States. Congress

Download or read book Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-30 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review of efforts to eliminate waste, fraud, and abuse in the crop insurance program : hearing before the Subcommittee on General Farm Commodities and Risk Management of the Committee on Agriculture, House of Representatives, One Hundred Ninth Congress, second session, June 15, 2006.

Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program

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ISBN 13 : 9781670396044
Total Pages : 76 pages
Book Rating : 4.3/5 (96 download)

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Book Synopsis Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program by : United States House of Representatives

Download or read book Review of Efforts to Eliminate Waste, Fraud, and Abuse in the Crop Insurance Program written by United States House of Representatives and published by . This book was released on 2019-12-03 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review of efforts to eliminate waste, fraud, and abuse in the crop insurance program: hearing before the Subcommittee on General Farm Commodities and Risk Management of the Committee on Agriculture, House of Representatives, One Hundred Ninth Congress, second session, June 15, 2006.

Crop Insurance

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (173 download)

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Book Synopsis Crop Insurance by : Lisa Shames

Download or read book Crop Insurance written by Lisa Shames and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The USDA's Risk Management Agency administers the federal crop insurance program in partnership with private insurers. In 2006, the program cost $3.5 billion, including millions in losses from fraud, waste, and abuse, according to USDA. The Agricultural Risk Protection Act of 2000 granted RMA authority to renegotiate the terms of RMA's standard reinsurance agreement with companies once over 5 years. This testimony is based on GAO's 2005 report, Crop Insurance: Actions Needed to Reduce Program's Vulnerability to Fraud, Waste, and Abuse, as well as new analyses this Committee requested on underwriting gains and administrative and operating expenses USDA paid companies. GAO discusses (1) USDA's processes to address fraud, waste, and abuse; (2) extent the program's design makes it vulnerable to abuse; and (3) reasonableness of underwriting gains and other expenses. USDA agreed with most of GAO's 2005 recommendations to improve program integrity. RMA agreed that GAO's new analyses were technically accurate. Congress has an opportunity in the Farm Bill reauthorization to grant RMA authority to periodically renegotiate the financial terms of its agreement with companies to provide reasonable cost allowances and underwriting gains. GAO reported that RMA did not use all available tools to reduce the crop insurance program's vulnerability to fraud, waste, and abuse. RMA has since taken some steps to improve its procedures. In particular: (1) USDA's Farm Service Agency inspections during the growing season were not being used to maximum effect. Between 2001 and 2004, FSA conducted only 64 percent of the inspections RMA requested. Without inspections, farmers may falsely claim crop losses. However, FSA said it could not conduct all requested inspections, as GAO recommended, because of insufficient resources. RMA now provides information more frequently so FSA can conduct timelier inspections. (2) RMA's data analysis of the largest farming operations was incomplete. In 2003, about 21,000 of the largest farming operations did not report all of the individuals or entities with an ownership interest in these operations, as required. Therefore, RMA was unaware of ownership interests that could help it prevent potential program abuse. FSA and RMA now share information to identify such individuals or entities. USDA should be able to recover up to $74 million in improper payments made during 2003. (3) RMA was not effectively overseeing insurance companies' efforts to control program abuse. According to GAO's review of 120 cases, companies did not complete all the required quality assurance reviews of claims, and those that were conducted were largely paper exercises. RMA agreed to improve oversight of their reviews, but GAO has not followed up to examine its implementation. RMA's regulations to implement the crop insurance program, as well as some statutory requirements, create design problems that hinder its efforts to reduce abuse. For example, the regulations allow farmers to insure fields individually rather than together. As such, farmers can "switch" reporting of yield among fields to make false claims or build up a higher yield history on a field to increase its eligibility for higher insurance guarantees. RMA did not agree with GAO's recommendation to address the problems associated with insuring individual fields. Statutorily high premium subsidies may also limit RMA's ability to control program abuse: the subsidies shield farmers from the full effect of paying higher premiums associated with frequent claims. From 2002 through 2006, USDA paid the insurance companies underwriting gains of $2.8 billion, which represents an average annual rate of return of 17.8 percent. In contrast, according to insurance industry statistics, the benchmark rate of return for companies selling property and casualty insurance was 6.4 percent. USDA renegotiated the financial terms of its standard reinsurance agreement with the companies in 2005, but their rate of return was 30.1 percent in 2005, and 24.3 percent in 2006. It also paid the companies a cost allowance of $4 billion to cover administrative and operating costs for 2002 through 2006. USDA recommended that Congress provide RMA with authority to renegotiate the financial terms and conditions of its standard reinsurance agreement once every 3 years.

Crop Insurance

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ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (159 download)

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Book Synopsis Crop Insurance by :

Download or read book Crop Insurance written by and published by . This book was released on 2007 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crop Insurance

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781720316282
Total Pages : 32 pages
Book Rating : 4.3/5 (162 download)

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Book Synopsis Crop Insurance by : United States Government Accountability Office

Download or read book Crop Insurance written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-29 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crop Insurance: More Needs To Be Done to Reduce Program's Vulnerability to Fraud, Waste, and Abuse

Crop Insurance

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781984929785
Total Pages : 96 pages
Book Rating : 4.9/5 (297 download)

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Book Synopsis Crop Insurance by : United States Government Accountability Office

Download or read book Crop Insurance written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-04-26 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO-05-528 Crop Insurance: Actions Needed to Reduce Program's Vulnerability to Fraud, Waste, and Abuse

House Hearing, 110th Congress

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Publisher : BiblioGov
ISBN 13 : 9781289858902
Total Pages : 116 pages
Book Rating : 4.8/5 (589 download)

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Book Synopsis House Hearing, 110th Congress by : U. S. Government Printing Office (Gpo)

Download or read book House Hearing, 110th Congress written by U. S. Government Printing Office (Gpo) and published by BiblioGov. This book was released on 2013-10 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States Government Printing Office (GPO) was created in June 1860, and is an agency of the U.S. federal government based in Washington D.C. The office prints documents produced by and for the federal government, including Congress, the Supreme Court, the Executive Office of the President and other executive departments, and independent agencies. A hearing is a meeting of the Senate, House, joint or certain Government committee that is open to the public so that they can listen in on the opinions of the legislation. Hearings can also be held to explore certain topics or a current issue. It typically takes between two months up to two years to be published. This is one of those hearings.

Review of Efforts to Eliminate Waste, Fraud, and Abuse in The Crop Insurance Program, Serial No. 109-33, June 15, 2006, 109-2 Hearing, *

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (728 download)

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Book Synopsis Review of Efforts to Eliminate Waste, Fraud, and Abuse in The Crop Insurance Program, Serial No. 109-33, June 15, 2006, 109-2 Hearing, * by :

Download or read book Review of Efforts to Eliminate Waste, Fraud, and Abuse in The Crop Insurance Program, Serial No. 109-33, June 15, 2006, 109-2 Hearing, * written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crop Insurance: Continuing Efforts Are needed to Improve Program Integrity and Ensure Program Costs Are Reasonable

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Publisher : DIANE Publishing
ISBN 13 : 9781422396940
Total Pages : 22 pages
Book Rating : 4.3/5 (969 download)

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Book Synopsis Crop Insurance: Continuing Efforts Are needed to Improve Program Integrity and Ensure Program Costs Are Reasonable by :

Download or read book Crop Insurance: Continuing Efforts Are needed to Improve Program Integrity and Ensure Program Costs Are Reasonable written by and published by DIANE Publishing. This book was released on with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: