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The Resource The federal role in terrorism insurance : evaluating alternatives in an uncertain world, Lloyd Dixon ... [et al.], (electronic book)

The federal role in terrorism insurance : evaluating alternatives in an uncertain world, Lloyd Dixon ... [et al.], (electronic book)

Contributor
Summary
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
Language
eng
Work
Publication
Extent
xxvi, 121 p.
Isbn
9780833044334
Instance
Label
The federal role in terrorism insurance : evaluating alternatives in an uncertain world
Title
The federal role in terrorism insurance
Title remainder
evaluating alternatives in an uncertain world
Statement of responsibility
Lloyd Dixon ... [et al.]
Contributor
Subject
Language
eng
Summary
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
Cataloging source
CaPaEBR
Illustrations
illustrations
Index
no index present
LC call number
HG8535
LC item number
.F43 2007eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Dixon, Lloyd S
  • RAND Center for Terrorism Risk Management Policy
http://library.link/vocab/subjectName
  • Terrorism insurance
  • Risk (Insurance)
  • Terrorism
  • United States.
  • United States
Label
The federal role in terrorism insurance : evaluating alternatives in an uncertain world, Lloyd Dixon ... [et al.], (electronic book)
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 117-121)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10227027
Dimensions
unknown
Extent
xxvi, 121 p.
Form of item
electronic
Isbn
9780833044334
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote
Label
The federal role in terrorism insurance : evaluating alternatives in an uncertain world, Lloyd Dixon ... [et al.], (electronic book)
Publication
Bibliography note
Includes bibliographical references (p. 117-121)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10227027
Dimensions
unknown
Extent
xxvi, 121 p.
Form of item
electronic
Isbn
9780833044334
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote

Subject

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