The Federal Role In Terrorism Insurance Evaluating Alternatives In An Uncertain World
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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.
The Federal Role in Terrorism Insurance. Evaluating Alternatives in an Uncertain World by Anonim Pdf
Concerned that the unavailability of terrorism insurance would impede economic recovery and hinder growth after the 9/11 attacks, Congress passed the Terrorism Risk Insurance Act of 2002 "TRIA". TRIA will sunset at the end of 2007 unless Congress takes further action. This book examines the implications of allowing TRIA to expire and of enhancements aimed at improving the availability and affordability of insurance for nuclear, biological, chemical, and radiological "NBCR" attacks. The analysis takes a systematic approach to addressing the deep uncertainties that underlie the market for terrorism insurance and is the first study of TRIA to consider not just taxpayer payments through the program but also the cost of government compensation and assistance following a terrorist attack when analyzing the program's effect on government spending. The authors conclude that taxpayer cost is lower with TRIA than without TRIA across a broad range of assumptions about attack frequency and the proportion of uninsured losses that are compensated postattack. The analysis also cautions policymakers to be careful when modifying the program to better address NBCR attacks: Simply expanding the program to require insurers to offer NBCR coverage may not achieve the desired outcomes. The authors identify program changes that will produce positive results for both NBCR and conventional attacks that are robust to key underlying uncertainties.
The Terrorism Risk Insur. Act (TRIA) is credited with stabilizing insur. markets after the 9/11 attacks by requiring insurers to offer terrorism coverage to commercial property owners, and specifying that the fed. gov¿t. is liable for a large share of related losses. While TRIA covers attacks involving conventional weapons, insurers may use exceptions that may exclude coverage for attacks with nuclear, biological, chemical, or radiological (NBCR) weapons. This report reviews: (1) the extent to which insurers offer NBCR coverage; (2) factors that contribute to the willingness of insurers to provide NBCR coverage; and (3) policy options for expanding coverage for NBCR risks. Charts and tables.
Author : Wil A. H. Thissen,Warren E. Walker Publisher : Springer Science & Business Media Page : 291 pages File Size : 48,8 Mb Release : 2012-10-05 Category : Social Science ISBN : 9781461446019
Public Policy Analysis by Wil A. H. Thissen,Warren E. Walker Pdf
Traditional policy analysis approaches are characterized by a focus on system modeling and choosing among policy alternatives. While successful in many cases, this approach has been increasingly criticized for being technocratic and ignoring the behavioral and political dimensions of most policy processes. In recent decades, increased awareness of the multi-actor, multiple perspective, and poly-centric character of many policy processes has led to the development of a variety of different perspectives on the styles and roles of policy analysis, and to new analytical tools and approaches – for example, argumentative approaches, participative policy analysis, and negotiation support. As a result, the field has become multi-faceted and somewhat fragmented. Public Policy Analysis: New Developments acknowledges the variety of approaches and provides a synthesis of the traditional and new approaches to policy analysis. It provides an overview and typology of different types of policy analytic activities, characterizing them according to differences in character and leading values, and linking them to a variety of theoretical notions on policymaking. Thereby, it provides assistance to both end users and analysts in choosing an appropriate approach given a specific policy situation. By broadening the traditional approach and methods to include the analysis of actors and actor networks related to the policy issue at hand, it deepens the state of the art in certain areas. While the main focus of the book is on the cognitive dimensions of policy analysis, it also links the policy analysis process to the policymaking process, showing how to identify and involve all relevant stakeholders in the process, and how to create favorable conditions for use of the results of policy analytic efforts by the policy actors. The book has as its major objective to describe the state-of-the-art and the latest developments in ex-ante policy analysis. It is divided into two parts. Part I explores and structures policy analysis developments, the development and description of approaches to diagnose policy situations, design policy analytic efforts, and policy process conditions. Part II focuses on recent developments regarding models and modeling for policy analysis, placing modeling approaches in the context of the variety of conditions and approaches elaborated in Part I.
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.
Harry Ward Richardson,Peter Gordon,James E. Moore II
Author : Harry Ward Richardson,Peter Gordon,James E. Moore II Publisher : Edward Elgar Publishing Page : 313 pages File Size : 46,9 Mb Release : 2009 Category : Business & Economics ISBN : 9781848449350
Global Business and the Terrorist Threat by Harry Ward Richardson,Peter Gordon,James E. Moore II Pdf
. . . a well-organized compendium, and although there is much technical data to support the varied theories, it is a comfortable read. . . This book represents a diverse and significant contribution to our ability, as a global nation and economy, to be resilient and recover quickly and efficiently when the time comes. Kathy Anne Wood, Journal of Homeland Security and Emergency Management Global Business and the Terrorist Threat offers college-level business and security libraries a top pick charting overlapping areas of influence between business and terrorism from news effects on stock markets to the impact of terrorism on bilateral trade. . . Any advanced college-level business or social issues collection needs this unique analysis. The Midwest Book Review Global business is affected by global terrorism and the two are intricately linked on many levels. This book is an eclectic and enlightening compendium of research that explores the interrelationships between the two. A companion to and expansion on the authors previous books in the area, Global Business and the Terrorist Threat takes a closer look at practical business management, as influenced by terrorist infrastructure, networks and actions. Many overlapping areas of influence between business and terrorism are explored in depth in the book. Among other topics, the authors discuss terrorism and news flows and their effect on stock markets, as well as the effects of transitional terrorism on bilateral trade. The importance of business continuity in the face of ongoing threats is detailed, as are efforts to avoid inadvertent interactions with terrorist groups. Border issues, challenges of benefit cost analysis for terrorism security regulations, the impact of 9/11 on the travel industry and the assessment and management of global interdependent risks close out the book. This book will be a choice addition to the bookshelves of researchers and practitioners in international business, public policy, and terrorism and security.
Applied Risk Analysis for Guiding Homeland Security Policy and Decisions by Samrat Chatterjee,Robert T. Brigantic,Angela M. Waterworth Pdf
Presents various challenges faced by security policy makers and risk analysts, and mathematical approaches that inform homeland security policy development and decision support Compiled by a group of highly qualified editors, this book provides a clear connection between risk science and homeland security policy making and includes top-notch contributions that uniquely highlight the role of risk analysis for informing homeland security policy decisions. Featuring discussions on various challenges faced in homeland security risk analysis, the book seamlessly divides the subject of risk analysis for homeland security into manageable chapters, which are organized by the concept of risk-informed decisions, methodology for applying risk analysis, and relevant examples and case studies. Applied Risk Analysis for Guiding Homeland Security Policy and Decisions offers an enlightening overview of risk analysis methods for homeland security. For instance, it presents readers with an exploration of radiological and nuclear risk assessment, along with analysis of uncertainties in radiological and nuclear pathways. It covers the advances in risk analysis for border security, as well as for cyber security. Other topics covered include: strengthening points of entry; systems modeling for rapid containment and casualty mitigation; and disaster preparedness and critical infrastructure resilience. Highlights how risk analysis helps in the decision-making process for homeland security policy Presents specific examples that detail how various risk analysis methods provide decision support for homeland security policy makers and risk analysts Describes numerous case studies from academic, government, and industrial perspectives that apply risk analysis methods for addressing challenges within the U.S. Department of Homeland Security (DHS) Offers detailed information regarding each of the five DHS missions: prevent terrorism and enhance security; secure and manage our borders; enforce and administer our immigration laws; safeguard and secure cyberspace; and strengthen national preparedness and resilience Discusses the various approaches and challenges faced in homeland risk analysis and identifies improvements and methodological advances that influenced DHS to adopt an increasingly risk-informed basis for decision-making Written by top educators and professionals who clearly illustrate the link between risk science and homeland security policy making Applied Risk Analysis for Guiding Homeland Security Policy and Decisions is an excellent textbook and/or supplement for upper-undergraduate and graduate-level courses related to homeland security risk analysis. It will also be an extremely beneficial resource and reference for homeland security policy analysts, risk analysts, and policymakers from private and public sectors, as well as researchers, academics, and practitioners who utilize security risk analysis methods.
David G. Groves,Jordan R. Fischbach,Debra S. Knopman,David R. Johnson (Mathematician),Kate Giglio
Author : David G. Groves,Jordan R. Fischbach,Debra S. Knopman,David R. Johnson (Mathematician),Kate Giglio Publisher : Rand Corporation Page : 65 pages File Size : 47,8 Mb Release : 2014-02-19 Category : Business & Economics ISBN : 9780833084552
Strengthening Coastal Planning by David G. Groves,Jordan R. Fischbach,Debra S. Knopman,David R. Johnson (Mathematician),Kate Giglio Pdf
Report describes RAND contributions to Louisiana's Coastal Master Plan for policymakers in other coastal regions. It highlights the value of a solid technical foundation to support decision-making on strategies to protect and restore coastal regions.
Workshop on Nonstationarity, Hydrologic Frequency Analysis, and Water Management, January 13-15, 2010, Boulder, Colorado by Anonim Pdf
"An underlying assumption of traditional hydrologic frequency analysis is that climate, and hence the frequency of hydrologic events, is stationary, or unchanging over time. A stationary series is relatively easy to forecast: one simply predicts that statistical properties will be the same in the future as they have been in the past. Anthropogenic climate change and better understanding of decadal and multi-decadal climate variability present a challenge to the validity of this assumption. The workshop ... was organized to present and discuss possible operational alternatives to the assumption of stationarity in hydrologic frequency analysis."--Abstract.
Global Trends 2040 by National Intelligence Council Pdf
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Compensation for Losses from the 9/11 Attacks by Lloyd S. Dixon,Rachel Kaganoff Stern Pdf
The terrorist attacks of September 11, 2001, caused tremendous loss of life, property, and income, and the resulting response from public and private organizations was unprecedented. This monograph examines the benefits received by those who were killed or seriously injured on 9/11 and the benefits provided to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center. The authors examine the performance of the compensation system--insurance, tort, government programs, and charity--in responding to the losses stemming from 9/11.
Evaluating the Effectiveness of Terrorism Risk Financing Solutions by Howard Kunreuther,Erwann Michel-Kerjan Pdf
The 9/11 attacks in the United States, as well as other attacks in different parts of the world, raise important questions related to the economic impact of terrorism. What are the most effective ways for a country to recover from these economic losses? Who should pay for the costs of future large-scale attacks? To address these two questions, we propose five principles to evaluate alternative programs. We first discuss how a federal insurance program with mandatory coverage and a laissez faire free-market approach for providing private insurance will fare relative to these principles. We conclude that neither solution is likely to be feasible here in the United States given the millions of firms at risk and the current structure of insurance regulation. We then evaluate how well the U.S. Terrorism Risk Insurance Act (TRIA), a public-private program to cover commercial enterprises against foreign terrorism on U.S. soil, meets the five principles. In particular, we show that TRIA has had a positive effect on availability of terrorism coverage and also has significantly contributed to reducing insurance premiums. TRIA is scheduled to terminate at the end of the year, but pending legislation would extend the program for fifteen years after December 31 (HR. 2761). In this paper, we show that such a long-term extension might have important impacts on the market. This could increase the take-up rate, as prices might be even lower than they are today. We show also, however, that if TRIA were extended for a long period of time in its current form, some insurers could "game" the program by collecting ex ante a large amount of premiums for terrorism insurance, while being financially responsible for only a small portion of the claims ex post. The general taxpayer and the general commercial policyholder (whether or not covered against terrorism) would absorb the residual insured losses. This raises major equity issues inherent in the design of the program.
