To execute an active operational research project and technical assessment to rebuild overhaul and comprehensively modernize the american war risk insurance WRI program
Active Cooperative Agreement Awarded
- Award ID
- 693JF7650003
- Recipient
-
American Bureau Of Shipping UEI MMU8RZF8HMH9
- Awarding agency
-
Maritime Administration
Department of Transportation
- Obligated
- $0
Award facts
- Assistance listing
- 20.803 Maritime War Risk Insurance
- Completion date 36% complete
- Place of performance
- Spring, TX 77389, USA
Award details come from USAspending.gov.
Description
The current framework relies heavily on antiquated peacetime revolving funds and labor intensive ad hoc interagency funding workarounds. This study will deliver a structural operational and statutory blueprint to transition the current standby program into a permanent self sustaining public private underwriting entity the US war risk corporation or mutual US WRC. By embedding a cadre of robust US domiciled underwriters within a permanent structure the program ensures national economic security and defense logistics independent of volatile foreign insurance syndicates. Activities to be performed empirical underwriting baseline gathering discrete underwriting data and empirical market metrics from domestic commercial leaders EG the american club berkley offshore arthur j gallagher to model a capitalized mutual structure. Financial risk architecture architecting a multi layered capitalization tower modeled on the oil spill liability trust fund. This incorporates structural appropriations token peacetime premiums layer 0 multi year outward reinsurance retrocession agreements with domestic and international markets layers 1 n and a standing treasury stop loss credit line. Unified government handoff protocols standardizing transition terms across visa VTA MSC tankvoy and MSC tanktime forms covering objective unified triggers EG market withdrawal or premium spikes of hull value to authorize rapid handoff to state backed cover within hours. Deliverables expected outcomes empirical underwriting baseline financial risk architecture and unified government handoff protocols. Intended beneficiary marad. Subrecipient activities none.
Quick answers
Who received award 693JF7650003?
693JF7650003 was awarded to American Bureau Of Shipping by Maritime Administration (Department of Transportation) on June 12, 2026.
How much is award 693JF7650003 worth?
$0 has been obligated on 693JF7650003.
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