The Resource The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon
The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon
Resource Information
The item The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Sydney Jones Library, University of Liverpool.This item is available to borrow from 1 library branch.
Resource Information
The item The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Sydney Jones Library, University of Liverpool.
This item is available to borrow from 1 library branch.
- Summary
- 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 how markets for workers' compensation (WC) insurance would be affected if TRIA were to expire. They explain that TRIA expiration would affect WC insurance markets differently from other insurance markets because WC statutes rigidly define the terms of coverage, such that in a post-TRIA world insurance companies would limit their terrorism risk exposure by declining coverage to employers facing high terrorism risk. Because WC coverage is mandatory for nearly all U.S. employers, employers that cannot purchase coverage would be forced to obtain coverage in markets of last resort. Migration of terrorism risk to these markets of last resort would increase the likelihood that WC losses from a catastrophic terror attack would largely be financed by businesses and taxpayers throughout the state in which the attack occurs, adding to the challenge of rebuilding in that state. TRIA, in contrast, spreads such risk across the country
- Language
- eng
- Extent
- 1 online resource (20 pages).
- Note
-
- "RR-643-CCRMC"--Page 4 of cover
- "RAND Center for Catastrophic Risk Management and Compensation"--Page 4 of cover
- Isbn
- 9780833086983
- Label
- The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire
- Title
- The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire
- Statement of responsibility
- Michael Dworsky, Lloyd Dixon
- Language
- eng
- Summary
- 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 how markets for workers' compensation (WC) insurance would be affected if TRIA were to expire. They explain that TRIA expiration would affect WC insurance markets differently from other insurance markets because WC statutes rigidly define the terms of coverage, such that in a post-TRIA world insurance companies would limit their terrorism risk exposure by declining coverage to employers facing high terrorism risk. Because WC coverage is mandatory for nearly all U.S. employers, employers that cannot purchase coverage would be forced to obtain coverage in markets of last resort. Migration of terrorism risk to these markets of last resort would increase the likelihood that WC losses from a catastrophic terror attack would largely be financed by businesses and taxpayers throughout the state in which the attack occurs, adding to the challenge of rebuilding in that state. TRIA, in contrast, spreads such risk across the country
- Cataloging source
- JSTOR
- http://library.link/vocab/creatorName
- Dworsky, Michael
- Dewey number
- 368.4/8
- Index
- no index present
- LC call number
- HG8054.5
- LC item number
- .D96 2014eb
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
-
- Dixon, Lloyd S.
- Rand Corporation
- RAND Center for Catastrophic Risk Management and Compensation
- Series statement
- Policy brief / Rand Corporation
- http://library.link/vocab/subjectName
-
- United States.
- Terrorism insurance
- Workers' compensation
- Label
- The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon
- Note
-
- "RR-643-CCRMC"--Page 4 of cover
- "RAND Center for Catastrophic Risk Management and Compensation"--Page 4 of cover
- Antecedent source
- unknown
- Bibliography note
- Includes bibliographical references
- 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
- Dimensions
- unknown
- Extent
- 1 online resource (20 pages).
- File format
- unknown
- Form of item
- online
- Isbn
- 9780833086983
- Level of compression
- unknown
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Quality assurance targets
- not applicable
- Reformatting quality
- unknown
- Sound
- unknown sound
- Specific material designation
- remote
- Label
- The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon
- Note
-
- "RR-643-CCRMC"--Page 4 of cover
- "RAND Center for Catastrophic Risk Management and Compensation"--Page 4 of cover
- Antecedent source
- unknown
- Bibliography note
- Includes bibliographical references
- 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
- Dimensions
- unknown
- Extent
- 1 online resource (20 pages).
- File format
- unknown
- Form of item
- online
- Isbn
- 9780833086983
- Level of compression
- unknown
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Quality assurance targets
- not applicable
- Reformatting quality
- unknown
- Sound
- unknown sound
- Specific material designation
- remote
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.liverpool.ac.uk/portal/The-impact-on-workers-compensation-insurance/AcOhz7mxEYc/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.liverpool.ac.uk/portal/The-impact-on-workers-compensation-insurance/AcOhz7mxEYc/">The impact on workers' compensation insurance markets of allowing the Terrorism Risk Insurance Act to expire, Michael Dworsky, Lloyd Dixon</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.liverpool.ac.uk/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.liverpool.ac.uk/">Sydney Jones Library, University of Liverpool</a></span></span></span></span></div>
