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Author: OECD
Publisher: OECD Publishing
Published: 2005-07-05
Total Pages: 290
ISBN-13: 9264008748
DOWNLOAD EBOOKThis book presents OECD policy conclusions and leading academic analysis on the financial management of terrorism risk nearly four years after the World Trade Centre attacks.
Author:
Publisher:
Published: 2005
Total Pages: 289
ISBN-13:
DOWNLOAD EBOOKOf Conclusions and Policy Options -- Policy Issues -- Reports by the Experts to the OECD Task Force on Terrorism Insurance -- Annex - Terrorism Coverage in Non-member Countries.
Author: OECD
Publisher: OECD Publishing
Published: 2008-09-05
Total Pages: 315
ISBN-13: 9264041516
DOWNLOAD EBOOKContains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.
Author: OECD
Publisher: OECD Publishing
Published: 2005-07-06
Total Pages: 424
ISBN-13: 9264009957
DOWNLOAD EBOOKThese conference proceedings present academic analysis, country reports, and financial/insurance company assessments on how to handle losses caused by large-scale catastrophes including terrorism and atmospheric perils.
Author: OECD
Publisher: OECD Publishing
Published: 2008-09-30
Total Pages: 312
ISBN-13: 9789264040786
DOWNLOAD EBOOKContains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.
Author: Yvonne D. Jones
Publisher: DIANE Publishing
Published: 2009-03-01
Total Pages: 36
ISBN-13: 1437909973
DOWNLOAD EBOOKThe 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.
Author: Lloyd S. Dixon
Publisher: Rand Corporation
Published: 2004
Total Pages: 37
ISBN-13: 9780833037015
DOWNLOAD EBOOKFollowing 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.
Author: Howard Kunreuther
Publisher:
Published: 2012
Total Pages: 21
ISBN-13:
DOWNLOAD EBOOKThis paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program that provides up to $100 billion commercial coverage with a specific but temporary risk-sharing arrangement between the federal government and insurers. TRIA's three-year term ends December 31, 2005, so Congress soon has to determine whether it should be renewed, whether an alternative terrorism insurance program should be substituted for it, or whether insurance coverage is left solely in the hands of the private sector. As input into this process, the paper examines several alternatives and scenarios, and discusses their potential to create a sustainable terrorism insurance program in the Unites States.
Author: Jason M. Schupp
Publisher: Hillcrest Publishing Group
Published: 2016
Total Pages: 218
ISBN-13: 1634137930
DOWNLOAD EBOOKFrom 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: Howard Kunreuther
Publisher:
Published: 2004
Total Pages: 20
ISBN-13:
DOWNLOAD EBOOKThis paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program that provides up to $100 billion commercial coverage with a specific but temporary risk-sharing arrangement between the federal government and insurers. TRIA%u2019s three-year term ends December 31, 2005, so Congress soon has to determine whether it should be renewed, whether an alternative terrorism insurance program should be substituted for it, or whether insurance coverage is left solely in the hands of the private sector. As input into this process, the paper examines several alternatives and scenarios, and discusses their potential to create a sustainable terrorism insurance program in the Unites States.
