Author: Jason M. Schupp Publisher: Hillcrest Publishing Group ISBN: 1634137930 Category : Business & Economics Languages : en Pages : 218
Book Description
From the outset, the Terrorism Risk Insurance Act program succeeded in making terrorism insurance widely available to US businesses and local governments without jeopardizing the long-term sustainability of the insurance industry.Nearly a decade and a half later, the Terrorism Risk Insurance Act remains an essential part of our national strategy for economic security and resilience in the face of terrorism. Over that time, however, knowledge of the program has steadily eroded as many who were involved in the program's early years have moved on or retired.The Terrorism Risk Insurance Act: A Practitioner's Guide assists today's insurance professional to bridge this gap through a comprehensive explanation of each of the elements of the program reinforced through practical examples. Each chapter concludes with a description of processes, controls, and testing that practitioners may consider to maximize potential recoveries under the program and build reliable evidence of compliance.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Publisher: ISBN: Category : Business & Economics Languages : en Pages : 128
Author: Lloyd Dixon Publisher: Rand Corporation ISBN: 9780833044334 Category : Law Languages : en Pages : 148
Book Description
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.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher: ISBN: Category : Business & Economics Languages : en Pages : 216
Author: Stephen J. Carroll Publisher: Rand Corporation ISBN: 0833041037 Category : Political Science Languages : en Pages : 153
Book Description
The pending expiration of the Terrorism Risk Insurance Act (TRIA) of 2002 is the impetus for this assessment of how TRIA redistributes terrorism losses. The authors find that the role of taxpayers is expected to be minimal in all but very rare cases and that, even with TRIA in place, a high fraction of losses would go uninsured in each of the attack scenarios examined.
Author: Tom LaTourrette Publisher: ISBN: 9780833086198 Category : National security Languages : en Pages : 20
Book Description
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 creates an incentive for a functioning private terrorism insurance market by providing a government reinsurance backstop for catastrophic terrorist attack losses. Extended first in 2005 and again in 2007, TRIA is set to expire at the end of 2014, and Congress is again considering the appropriate government role in terrorism insurance markets. This policy brief examines the potential federal spending implications of allowing TRIA to expire. Combining information on federal spending through TRIA, the influence of TRIA on the availability of terrorism insurance coverage, and the relationship between uninsured losses and federal disaster assistance spending, the authors find that, in the absence of a terrorist attack, TRIA costs taxpayers relatively little, and in the event of a terrorist attack comparable to any experienced before, it is expected to save taxpayers money.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Publisher: ISBN: Category : Law Languages : en Pages : 192
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher: ISBN: Category : Business & Economics Languages : en Pages : 88
Author: Jason M. Schupp
Author: 
Author: United States. Congress. House. Committee on Financial Services
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Author: Lloyd Dixon
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Author: Stephen J. Carroll
Author: Tom LaTourrette
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs