Distribution of Losses From Large Terrorist Attacks Under the Terrorism Risk Insurance Act PDF (Adobe DRM) download by Stephen J. Carroll

Distribution of Losses From Large Terrorist Attacks Under the Terrorism Risk Insurance Act

By Stephen J. Carroll and Brian G. Chow and Tom LaTourrette

Political Science : Political Freedom & Security - Terrorism
Rand Corporation
Publication date: December 2001
ISBN: 9780833041036
Digital Book format: PDF (Adobe DRM)

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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 examined.
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