Distribution of losses from large terrorist attacks under the Terrorism Risk Insurance Act /
[Book]
Stephen J. Carroll [and others].
Santa Monica, CA :
RAND Center for Terrorism Risk Management Policy,
2005.
1 online resource (xxxv, 116 pages) :
illustrations
"MG-427."
Includes bibliographical references (pages 113-116).
Introduction -- The Terrorism Risk Insurance Act -- Terrorist attack scenarios -- The distribution of terrorist attack losses under TRIA -- Distribution of losses under possible modifications to TRIA -- Conclusions and implications for TRIA.
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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.
JSTOR
22573/ctt2qpv
Distribution of losses from large terrorist attacks under the Terrorism Risk Insurance Act.
Casualty insurance-- Law and legislation-- United States.