Examining the Terrorism Risk Insurance Program

Examining the Terrorism Risk Insurance Program PDF

Author: United States. Congress

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-13

Total Pages: 212

ISBN-13: 9781983822360

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Examining the Terrorism Risk Insurance Program : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, first session ... Wednesday, February 28, 2007.

S. Hrg. 110-907

S. Hrg. 110-907 PDF

Author: U.S. Government Printing Office (Gpo)

Publisher: BiblioGov

Published: 2013-10

Total Pages: 214

ISBN-13: 9781293021279

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The United States Government Printing Office (GPO) was created in June 1860, and is an agency of the U.S. federal government based in Washington D.C. The office prints documents produced by and for the federal government, including Congress, the Supreme Court, the Executive Office of the President and other executive departments, and independent agencies. A hearing is a meeting of the Senate, House, joint or certain Government committee that is open to the public so that they can listen in on the opinions of the legislation. Hearings can also be held to explore certain topics or a current issue. It typically takes between two months up to two years to be published. This is one of those hearings.

The Federal Role in Terrorism Insurance

The Federal Role in Terrorism Insurance PDF

Author: Lloyd Dixon

Publisher: Rand Corporation

Published: 2007-10-23

Total Pages: 148

ISBN-13: 9780833044334

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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.

Policy Watch

Policy Watch PDF

Author: Howard Kunreuther

Publisher:

Published: 2004

Total Pages: 20

ISBN-13:

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This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program that provides up to $100 billion commercial coverage with a specific but temporary risk-sharing arrangement between the federal government and insurers. TRIA%u2019s three-year term ends December 31, 2005, so Congress soon has to determine whether it should be renewed, whether an alternative terrorism insurance program should be substituted for it, or whether insurance coverage is left solely in the hands of the private sector. As input into this process, the paper examines several alternatives and scenarios, and discusses their potential to create a sustainable terrorism insurance program in the Unites States.

Terrorism Insurance

Terrorism Insurance PDF

Author: Yvonne D. Jones

Publisher: DIANE Publishing

Published: 2009-03-01

Total Pages: 36

ISBN-13: 1437909973

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The Terrorism Risk Insur. Act. (TRIA) specifies that the fed. gov¿t. assume financial responsibility for insured losses on commercial properties resulting from future terrorist attacks. While TRIA has been credited with stabilizing markets for terrorism insur. after 9/11, questions remain as to whether certain policyholders, esp. those located in large urban areas viewed as being at high risk of attack, may still face challenges in obtaining coverage. This study describes: (1) whether the availability of terrorism insurance for commercial properties is constrained in any geographic markets; (2) factors limiting insurers¿ willingness to provide coverage; and (3) advantages and disadvantages of selected public policy options to increase the availability of such insurance. Illus.