Issues And Options For Government Intervention In The Market For Terrorism Insurance

Author : Lloyd S. Dixon,John Arlington,Stephen Carroll,David M. Adamson,Darius Lakdawalla,Robert T. Reville
Publisher : Rand Corporation
Page : 37 pages
File Size : 50,8 Mb
Release : 2004
Category : Political Science
ISBN : 0833037013

Get Book

Issues and Options for Government Intervention in the Market for Terrorism Insurance by Lloyd S. Dixon,John Arlington,Stephen Carroll,David M. Adamson,Darius Lakdawalla,Robert T. Reville Pdf

Following the 9/11 terrorist attacks, the federal government adopted the Terrorism Risk Insurance Act (TRIA), which requires insurers to make terrorism coverage available to commercial policyholders. In exchange, the federal government will reimburse insurers for a portion of insured losses above a particular threshold. This paper frames the central issues in the debate over whether to extend, modify, or end TRIA, and explores the role of disaster insurance within a system for managing risks created by the possibility of terrorist attacks and compensating losses caused by those attacks.

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 43,8 Mb
Release : 2004
Category : Financial reinsurance
ISBN : OCLC:74273699

Get Book

Issues and Options for Government Intervention in the Market for Terrorism Insurance by Anonim Pdf

The threat of terrorism poses a challenge for the U.S. insurance system: How can the system best insure against potential losses and compensate victims of attacks? Following the 9/11 attacks, the federal government adopted the Terrorism Risk Insurance Act (TRIA), which requires insurers to make terrorism coverage available to commercial policyholders. In return, TRIA guarantees that the public (i.e., the government) will reimburse insurers for 90 percent of losses from terrorism above certain thresholds. TRIA was intended to bolster the insurance industry against catastrophic payouts while the industry developed strategies and mechanisms to cope with the threat of terrorism. TRIA expires on December 31, 2005, but insurance policies (which typically last one year) will soon begin to be written that will expire after TRIA does. This paper has a dual purpose: to help frame the central issues that should be considered in the debate over whether to extend, modify, or end TRIA, and to explore the broader issue of the appropriate role of disaster insurance within a system for managing risks created by the possibility of terrorist attacks and compensating losses caused by terrorist attacks. The paper also discusses options that policymakers might consider in addressing these issues and goals against which various options can be evaluated. Although this paper focuses on insurance, it is important to note that insurance is only one part of an overall system for managing risks created by the possibility of terrorist attacks and compensating losses caused by terrorist attacks. Direct government compensation, the tort system, and charities can also play a role in this system.

Author : Lloyd Dixon,Robert J. Lempert,Tom LaTourrette,Robert T. Reville
Publisher : Rand Corporation
Page : 148 pages
File Size : 43,7 Mb
Release : 2007-10-23
Category : Law
ISBN : 0833044338

Get Book

The Federal Role in Terrorism Insurance by Lloyd Dixon,Robert J. Lempert,Tom LaTourrette,Robert T. Reville Pdf

What are the Terrorism Risk Insurance Act's effects on the market for terrorism insurance? What would be the effect of enhancing provisions for nuclear, biological, chemical, and radiological (NBCR) attacks? The authors conclude that the program yields positive outcomes in a number of dimensions for conventional attacks and identify specific reforms that can improve results for NBCR attacks.

Author : OECD
Publisher : OECD Publishing
Page : 290 pages
File Size : 40,7 Mb
Release : 2005-07-05
Category : Electronic
ISBN : 9789264008748

Get Book

Policy Issues in Insurance Terrorism Risk Insurance in OECD Countries by OECD Pdf

This book presents OECD policy conclusions and leading academic analysis on the financial management of terrorism risk nearly four years after the World Trade Centre attacks.

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations
Publisher : Unknown
Page : 112 pages
File Size : 43,5 Mb
Release : 2007
Category : Business & Economics
ISBN : PSU:000058928844

Get Book

Terrorism threats and the insurance market by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations Pdf

Author : Anonim
Publisher : DIANE Publishing
Page : 112 pages
File Size : 47,5 Mb
Release : 2024-06-16
Category : Electronic
ISBN : 1422323927

Get Book

Terrorism threats and the insurance market : joint hearing by Anonim Pdf

Author : Véronique Bruggeman
Publisher : Kluwer Law International B.V.
Page : 650 pages
File Size : 48,5 Mb
Release : 2010-01-01
Category : Law
ISBN : 9789041132635

Get Book

Compensating Catastrophe Victims by Véronique Bruggeman Pdf

This book shows that amelioration of the current compensation solutions for disaster victims is indeed a possibility. In a heated yet often poorly informed debate, it offers clarity and insights regarding the financial compensation for victims of catastrophes which, in addition to raising academic interest, are certain to help build a framework for future policymakers and lawmakers faced with shaping compensation programmes for catastrophe victims.

Author : Stephen J. Carroll,Tom LaTourrette,Brian G. Chow,Gregory S. Jones,Craig Martin
Publisher : Rand Corporation
Page : 153 pages
File Size : 41,7 Mb
Release : 2005-11-17
Category : Political Science
ISBN : 9780833041036

Get Book

Distribution of Losses From Large Terrorist Attacks Under the Terrorism Risk Insurance Act by Stephen J. Carroll,Tom LaTourrette,Brian G. Chow,Gregory S. Jones,Craig Martin Pdf

The pending expiration of the Terrorism Risk Insurance Act (TRIA) of 2002 is the impetus for this assessment of how TRIA redistributes terrorism losses. The authors find that the role of taxpayers is expected to be minimal in all but very rare cases and that, even with TRIA in place, a high fraction of losses would go uninsured in each of the attack scenarios examined.

Author : OECD
Publisher : OECD Publishing
Page : 424 pages
File Size : 45,7 Mb
Release : 2005-07-06
Category : Electronic
ISBN : 9789264009950

Get Book

Policy Issues in Insurance Catastrophic Risks and Insurance by OECD Pdf

These conference proceedings present academic analysis, country reports, and financial/insurance company assessments on how to handle losses caused by large-scale catastrophes including terrorism and atmospheric perils.

Author : Lloyd S. Dixon,Noreen Clancy,Bruce Bender,Patricia K. Ehrler
Publisher : Rand Corporation
Page : 75 pages
File Size : 51,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780833041555

Get Book

The Lender-placed Flood Insurance Market for Residential Properties by Lloyd S. Dixon,Noreen Clancy,Bruce Bender,Patricia K. Ehrler Pdf

The National Flood Insurance Program (NFIP) provides the majority of flood insurance on U.S. residential properties. While insurance agents sell nearly all NFIP policies through private insurance companies, the U.S. government still underwrites them. Flood insurance is also available from private insurers that underwrite it themselves. This report provides information about the size of the private market and compares private with NFIP policies.

Author : Tom LaTourrette
Publisher : Rand Corporation
Page : 130 pages
File Size : 40,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780833040404

Get Book

Reducing Terrorism Risk at Shopping Centers by Tom LaTourrette Pdf

Terrorist threat at shopping centers is a prominent concern, with over 60 terrorist attacks against shopping centers in 21 countries since 1998. Shopping center operators are starting to explore and implement increased security efforts specifically designed to combat terrorism. This report offers qualitative and quantitative modeling approaches to help these operators evaluate security options for effectiveness at reducing terrorism risk.

Author : Alex Peter Schmid
Publisher : Taylor & Francis
Page : 738 pages
File Size : 51,6 Mb
Release : 2011
Category : History
ISBN : 9780415411578

Get Book

The Routledge Handbook of Terrorism Research by Alex Peter Schmid Pdf

This volume is a monumental collection of definitions, conceptual frameworks, paradigmatic formulations, and bibliographic sources, which is now being revised and updated as a resource for the expanding community of researchers on the subject of terrorism.

Author : Alex P. Schmid
Publisher : Taylor & Francis
Page : 737 pages
File Size : 45,9 Mb
Release : 2011-02-25
Category : Political Science
ISBN : 9781136810404

Get Book

The Routledge Handbook of Terrorism Research by Alex P. Schmid Pdf

This major new Handbook synthesises more than two decades of scholarly research, and provides a comprehensive overview of the field of terrorism studies. The content of the Handbook is based on the responses to a questionnaire by nearly 100 experts from more than 20 countries as well as the specific expertise and experience of the volume editor and the various contributors. Together, they guide the reader through the voluminous literature on terrorism, and propose a new consensus definition of terrorism, based on an extensive review of existing conceptualisations. The work also features a large collection of typologies and surveys a wide range of theories of terrorism. Additional chapters survey terrorist databases and provide a guide to available resources on terrorism in libraries and on the Internet. It also includes the most comprehensive World Directory of Extremist, Terrorist and other Organizations associated with Guerrilla Warfare, Political Violence, Protest and Organized- and Cyber-Crime. The Routledge Handbook of Terrorism Research will be an essential work of reference for students and researchers of terrorism and political violence, security studies, criminology, political science and international relations, and of great interest to policymakers and professionals in the field of counter-terrorism.

Author : Brian Michael Jenkins,Jenkins/Godges,John Godges
Publisher : Rand Corporation
Page : 223 pages
File Size : 51,7 Mb
Release : 2011
Category : Electronic
ISBN : 9780833058379

Get Book

The Long Shadow of 9/11 by Brian Michael Jenkins,Jenkins/Godges,John Godges Pdf

In a series of essays, this book addresses the question of how America has responded in the ten years since the 9/11 terrorist attacks and suggests options for more effectively dealing with the terrorist threat in the future.

Author : Gabriele G. S. Suder
Publisher : Edward Elgar Publishing
Page : 239 pages
File Size : 53,6 Mb
Release : 2006-01-01
Category : Technology & Engineering
ISBN : 9781847200228

Get Book

Corporate Strategies Under International Terrorism and Adversity by Gabriele G. S. Suder Pdf

Corporate Strategies under International Terrorism and Adversity raises key issues facing international business and management in an era of global uncertainty.