The Impact On Federal Spending Of Allowing The Terrorism Risk Insurance Act To Expire
DOWNLOAD
Download The Impact On Federal Spending Of Allowing The Terrorism Risk Insurance Act To Expire PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Impact On Federal Spending Of Allowing The Terrorism Risk Insurance Act To Expire book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Impact On Federal Spending Of Allowing The Terrorism Risk Insurance Act To Expire
DOWNLOAD
Author : Tom LaTourrette
language : en
Publisher:
Release Date : 2014
The Impact On Federal Spending Of Allowing The Terrorism Risk Insurance Act To Expire written by Tom LaTourrette and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with National security categories.
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.
The Federal Role In Terrorism Insurance Evaluating Alternatives In An Uncertain World
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2007
The Federal Role In Terrorism Insurance Evaluating Alternatives In An Uncertain World written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
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.
The Impact On Workers Compensation Insurance Markets Of Allowing The Terrorism Risk Insurance Act To Expire
DOWNLOAD
Author : Michael Dworsky
language : en
Publisher:
Release Date : 2014-05-07
The Impact On Workers Compensation Insurance Markets Of Allowing The Terrorism Risk Insurance Act To Expire written by Michael Dworsky and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-07 with Business & Economics categories.
National Security Perspectives On Terrorism Risk Insurance In The United States
DOWNLOAD
Author : Henry H. Willis
language : en
Publisher:
Release Date : 2014
National Security Perspectives On Terrorism Risk Insurance In The United States written by Henry H. Willis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Risk (Insurance) categories.
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 the potential national security implications of allowing TRIA to expire. Examining the history of terrorism in the United States since the passage of TRIA and reviewing counterterrorism studies, the authors find that terrorism remains a real national security threat, but one that is very difficult for insurers to model the risk of. They also find that terrorism risk insurance can contribute to making communities more resilient to terrorism events, so, to the extent that terrorism insurance is more available with TRIA than without it, renewing the legislation would contribute to improved national security.
The Manager S Guide To Terrorism Risk And Insurance
DOWNLOAD
Author : David J. Smith
language : en
Publisher: Rothstein Publishing
Release Date : 2016-08-02
The Manager S Guide To Terrorism Risk And Insurance written by David J. Smith and has been published by Rothstein Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-02 with Business & Economics categories.
As a manager, you’re aware of terrorist acts, are considering the risks, but sense that you need more background. How might terrorism occur? How is it part of risk and threat planning? What insurance strategies might protect your company from financial loss? In a few short chapters, The Manager’s Guide to Terrorism, Risk, and Insurance: Essentials for Today’s Business fills in the blanks for you. What does it take to weigh the likelihood of a terrorism exposure and protect all the assets of your company? The answer to this question involves understanding the nature of terrorists and their behavior, evaluating the risk of potential damage and business interruption, and exploring ways to use insurance – such as programs covered by the US Terrorism Risk Insurance Act – to protect against severe financial harm. Authors of this book, David J. Smith and Mark D. Silinsky, give you the benefit of their decades of professional experience in risk management, insurance, physical and cyber security, and anti-terrorism. Topics covered will help you to better understand: Characteristics that could make your company the target of terrorism. The most costly terrorist acts that have brought about fatalities and insured property loss. . How to anticipate the probability of maximum loss and foreseeable loss from terrorism. . The psychological picture of the typical terrorist – the warning signs and pre-attack indicators. . Tactics used by terrorists, such as bombings, assassination, and kidnapping. . Safety measures to be used by employees in the office and as they travel. . Practical steps for loss reduction from a variety of terrorist-related threats. . Insurance options to protect against financial loss from destructive terrorist acts, kidnap and ransom, and cyber attack and exposure. Case studies and discussion questions are provided to speed your understanding of the material. Importantly, since the book has been extensively researched, the authors provide a wealth of resources that you can consult as you dig deeper into this complex topic.
Terrorism Risk Insurance Program Reauthorization Act Of 2014
DOWNLOAD
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language : en
Publisher:
Release Date : 2014
Terrorism Risk Insurance Program Reauthorization Act Of 2014 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Terrorism insurance categories.
Concurrent Resolution On The Budget
DOWNLOAD
Author : United States. Congress. Senate. Committee on the Budget
language : en
Publisher:
Release Date : 2007
Concurrent Resolution On The Budget written by United States. Congress. Senate. Committee on the Budget and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Budget categories.
Concurrent Resolution On The Budget Fy 2008 S Prt 110 019 March 2007 110 1 Committee Print
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2007
Concurrent Resolution On The Budget Fy 2008 S Prt 110 019 March 2007 110 1 Committee Print written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
The Federal Role In Terrorism Insurance
DOWNLOAD
Author : Lloyd S. Dixon
language : en
Publisher: Rand Corporation
Release Date : 2007
The Federal Role In Terrorism Insurance written by Lloyd S. Dixon and has been published by Rand Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
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.
Economic Effects Of Long Term Federal Obligations
DOWNLOAD
Author : United States. Congress. House. Committee on the Budget
language : en
Publisher:
Release Date : 2003
Economic Effects Of Long Term Federal Obligations written by United States. Congress. House. Committee on the Budget and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Administrative agencies categories.