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

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

Issues and Options for Government Intervention in the Market for Terrorism Insurance PDF Author: Lloyd S. Dixon
Publisher: Rand Corporation
ISBN: 9780833037015
Category : Political Science
Languages : en
Pages : 37

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Book Description
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.