The Terrorism Risk Insurance Act
The Terrorism Risk Insurance Act

Author: Jason M. Schupp

Publisher: Hillcrest Publishing Group

Published: 2016

Total Pages: 218

ISBN-13: 1634137930

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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.

The Federal Role in Terrorism Insurance
The Federal Role in Terrorism Insurance

Author: Lloyd S. Dixon

Publisher: Rand Corporation

Published: 2007

Total Pages: 154

ISBN-13:

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What are the Terrorism Risk Insurance Act1s 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.

Terrorism Insurance
Terrorism Insurance

Author: Yvonne D. Jones

Publisher: DIANE Publishing

Published: 2009-03-01

Total Pages: 36

ISBN-13: 1437909973

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The 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.

The Federal Role in Terrorism Insurance
The Federal Role in Terrorism Insurance

Author: Lloyd Dixon

Publisher: Rand Corporation

Published: 2007-10-23

Total Pages: 148

ISBN-13: 9780833044334

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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.

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

Author: Lloyd S. Dixon

Publisher: Rand Corporation

Published: 2004

Total Pages: 37

ISBN-13: 9780833037015

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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.