The study finds that under the proposed legislation, in the aftermath of a hurricane season comparable to the one three years ago, sustained losses covered by the federal government would amount to:
* $140 billion to $161 billion in 2009
* $197 billion to $230 billion in 2013
* $278 billion to $332 billion in 2017
The estimated losses would depend on the approach used to set premiums for state programs. However, the cost would ultimately be borne by federal taxpayers.
The study was funded by the Reinsurance Association of America and the Association of Bermuda Insurers and Reinsurers.