Terrorism threats and the insurance market : joint hearing

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Publisher : DIANE Publishing
ISBN 13 : 9781422323922
Total Pages : 112 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Terrorism threats and the insurance market : joint hearing by :

Download or read book Terrorism threats and the insurance market : joint hearing written by and published by DIANE Publishing. This book was released on with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Terrorism threats and the insurance market

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.F/5 ( download)

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

Download or read book Terrorism threats and the insurance market written by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations and published by . This book was released on 2007 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Terrorism Threats and the Insurance Market

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781984190161
Total Pages : 112 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Terrorism Threats and the Insurance Market by : United States. Congress

Download or read book Terrorism Threats and the Insurance Market written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-25 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Terrorism threats and the insurance market : joint hearing before the Subcommittee on Oversight and Investigations of the Committee on Financial Services and the Subcommittee on Intelligence, Information Sharing, and Terrorism Risk Assessment of the Committee on Homeland Security, U.S. House of Representatives, One Hundred Ninth Congress, second session, July 25, 2006.

Trends in Terrorism, Threats to the United States and the Future of the Terrorism Risk Insurance Act

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Author :
Publisher :
ISBN 13 :
Total Pages : 89 pages
Book Rating : 4.:/5 (644 download)

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Book Synopsis Trends in Terrorism, Threats to the United States and the Future of the Terrorism Risk Insurance Act by :

Download or read book Trends in Terrorism, Threats to the United States and the Future of the Terrorism Risk Insurance Act written by and published by . This book was released on 2005 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Terrorism Risk Insurance Act of 2002 (TRIA) was crafted in the aftermath of the 9/11 attacks after the insurance industry, stung by $32 billion in damage claims (by current estimates) and fearing another attack of equal magnitude, began to exclude terrorism coverage from policies. The legislation requires insurance companies to make terrorism insurance available to customers and, in return, provides federal reinsurance (a "backstop") for losses from terrorist attacks. It is intended to give insurers time to assess their exposure to terrorism risk and to consider how to price and underwrite the risk. TRIA is set to expire at the end of December 2005. TRIA embodies federal policy that a private insurance market will provide the foundation of the financial recovery from future terrorist attacks. It also recognizes that since the risk is unfamiliar to the industry, federal government assistance should, at least in the short run, be made available to support this market. In this book, we examine whether this policy and, in particular, the architecture of TRIA provide robust protection against the threat of losses from future attacks. By robust, we ask specifically whether the structure of TRIA is in line with the fundamental qualities of the risk of terrorism and with likely evolving trends in this threat. The focus of the analysis is on developments that have relevance for terrorist attacks taking place within the borders of the continental United States and the extent to which they are addressed (or not) by the TRIA framework.

The Future of Terrorism Insurance

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Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis The Future of Terrorism Insurance by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Download or read book The Future of Terrorism Insurance written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2006 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

TERRORISM THREATS AND THE INSURANCE MARKET, SERIAL NO. 109-93, SERIAL NO. 109--111, 109-2 JOINT HEARING, *

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis TERRORISM THREATS AND THE INSURANCE MARKET, SERIAL NO. 109-93, SERIAL NO. 109--111, 109-2 JOINT HEARING, * by :

Download or read book TERRORISM THREATS AND THE INSURANCE MARKET, SERIAL NO. 109-93, SERIAL NO. 109--111, 109-2 JOINT HEARING, * written by and published by . This book was released on 2007* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Terrorism Insurance

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Publisher : DIANE Publishing
ISBN 13 : 1437909973
Total Pages : 36 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Terrorism Insurance by : Yvonne D. Jones

Download or read book Terrorism Insurance written by Yvonne D. Jones and published by DIANE Publishing. This book was released on 2009-03-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

National Security Perspectives on Terrorism Risk Insurance in the United States

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Publisher :
ISBN 13 : 9780833085382
Total Pages : 21 pages
Book Rating : 4.0/5 (853 download)

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Book Synopsis National Security Perspectives on Terrorism Risk Insurance in the United States by : Henry H. Willis

Download or read book National Security Perspectives on Terrorism Risk Insurance in the United States written by Henry H. Willis and published by . This book was released on 2014 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress enacted the Terrorism Risk Insurance Act (TRIA) in 2002, in response to terrorism insurance becoming unavailable or, when offered, extremely costly in the wake of the 9/11 attacks. The law provides a government reinsurance backstop in the case of a terrorist attack by providing mechanisms for avoiding an immediate drawdown of capital for insured losses or possibly covering the most extreme losses. Extended first in 2005 and again in 2007, TRIA is set to expire at the end of 2014, and Congress is again reconsidering the appropriate government role in terrorism insurance markets. This policy brief examines the potential national security implications of allowing TRIA to expire. Examining the history of terrorism in the United States since the passage of TRIA and reviewing counterterrorism studies, the authors find that terrorism remains a real national security threat, but one that is very difficult for insurers to model the risk of. They also find that terrorism risk insurance can contribute to making communities more resilient to terrorism events, so, to the extent that terrorism insurance is more available with TRIA than without it, renewing the legislation would contribute to improved national security.

The Federal Role in Terrorism Insurance

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Publisher : Rand Corporation
ISBN 13 : 9780833044334
Total Pages : 148 pages
Book Rating : 4.0/5 (443 download)

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Book Synopsis The Federal Role in Terrorism Insurance by : Lloyd Dixon

Download or read book The Federal Role in Terrorism Insurance written by Lloyd Dixon and published by Rand Corporation. This book was released on 2007-10-23 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Protecting Americans from Catastrophic Terrorism Risk

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Protecting Americans from Catastrophic Terrorism Risk by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Download or read book Protecting Americans from Catastrophic Terrorism Risk written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2007 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Need to Extend the Terrorism Risk Insurance Act

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis The Need to Extend the Terrorism Risk Insurance Act by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Download or read book The Need to Extend the Terrorism Risk Insurance Act written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Examining a legislative solution to extend and revise the Terrorism Risk Insurance Act (TRIA)

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Publisher :
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Examining a legislative solution to extend and revise the Terrorism Risk Insurance Act (TRIA) by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises

Download or read book Examining a legislative solution to extend and revise the Terrorism Risk Insurance Act (TRIA) written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2007 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Issues and Options for Government Intervention in the Market for Terrorism Insurance

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Issues and Options for Government Intervention in the Market for Terrorism Insurance by :

Download or read book Issues and Options for Government Intervention in the Market for Terrorism Insurance written by and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Trends in Terrorism

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Author :
Publisher : Rand Corporation
ISBN 13 : 9780833038227
Total Pages : 75 pages
Book Rating : 4.0/5 (382 download)

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Book Synopsis Trends in Terrorism by : Peter Chalk

Download or read book Trends in Terrorism written by Peter Chalk and published by Rand Corporation. This book was released on 2005 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a description of the evolving terrorist threat, this book's goal is to compare the underlying risk of attack to the architecture of financial protection that has been facilitated by the Terrorism Risk Insurance Act (TRIA). The Terrorism Risk Insurance Act (TRIA) requires insurers to offer commercial insurance that will pay on claims that occur from a terrorist attack, and for losses on the scale of 9/11, TRIA provides a backstop in the form of free reinsurance. The authors describe the evolving terrorist threat with the goal of comparing the underlying risk of attack to the architecture of financial protection that has been facilitated by TRIA.

Issues and Options for Government Intervention in the Market for Terrorism Insurance

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (742 download)

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Book Synopsis Issues and Options for Government Intervention in the Market for Terrorism Insurance by :

Download or read book Issues and Options for Government Intervention in the Market for Terrorism Insurance written by and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Protecting Americans from catastrophic terrorism risk : joint hearing

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422323328
Total Pages : 182 pages
Book Rating : 4.3/5 (233 download)

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Book Synopsis Protecting Americans from catastrophic terrorism risk : joint hearing by :

Download or read book Protecting Americans from catastrophic terrorism risk : joint hearing written by and published by DIANE Publishing. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Terrorism Risk Insurance Program

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Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Terrorism Risk Insurance Program by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book The Terrorism Risk Insurance Program written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2006 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: