- Lender-Placed Insurance: More Robust Data Could Improve Oversight, GAO-15-631: Published: Sep 8, 2015. Publicly Released: Sep 8, 2015: “Mortgage servicers use LPI to protect the collateral on mortgages when borrower-purchased homeowners or flood insurance coverage lapses. The 2007-2009 financial crisis resulted in an increased prevalence of LPI. Because LPI premiums are generally higher than those for borrower-purchased coverage, state insurance regulators and consumer groups have raised concerns about costs to consumers. This report addresses (1) the extent to which LPI is used; (2) stakeholder views on the cost of LPI; and (3) state and federal oversight of LPI. GAO examined documentation, studies, and laws and regulations related to LPI, and interviewed stakeholders including state insurance and federal financial regulators, consumer advocates, insurers, servicers, and industry associations. GAO selected interviewees based on their involvement in the LPI market and other factors to obtain a diverse range of perspectives. GAO selected the seven state insurance regulators to interview based on a number of factors including LPI premium volume and involvement in the LPI market.”
- Technology Assessment: Water in the energy sector: Reducing freshwater use in hydraulic fracturing and thermoelectric power plant cooling, GAO-15-545: Published: Aug 7, 2015. Publicly Released: Sep 8, 2015: “Many regions within the United States experience moderate to exceptional drought forcing state officials to make difficult choices regarding energy and water. Competition for freshwater continues to increase due to industrial, municipal, and especially agricultural and energy sector demand. The thermoelectric power industry, for example, accounted for 38 percent of all freshwater withdrawals in the United States in 2010. GAO has issued a series of six reports on the interdependencies between energy and water. In this report, GAO assessed advanced and emerging technologies that can reduce water use in hydraulic fracturing and thermoelectric power plant cooling. GAO also examined the impact of regional differences in thermoelectric power generation on water use in water-stressed versus unstressed areas of the United States.”
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