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Author LaTourrette, Tom, 1963-

Title The impact on federal spending of allowing the Terrorism Risk Insurance Act to expire / Tom LaTourrette, Noreen Clancy.

Publication Info. Santa Monica, CA : RAND, 2014.


Location Call No. OPAC Message Status
 Axe JSTOR Open Ebooks  Electronic Book    ---  Available
Description 1 online resource (16 pages) : color illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
text file PDF rda
Note Caption title.
"RAND Corporation."
"Policy Brief."
"This work was conducted within RAND Center for Catastrophic Risk Management and Compensation ... part of RAND Justice, Infrastructure, and Environment"--Back cover.
Bibliography Includes bibliographical references (pages 14-16).
Summary 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.
Note Print version.
Subject United States. Terrorism Risk Insurance Act of 2002 -- Evaluation.
Terrorism Risk Insurance Act of 2002 (United States) (OCoLC)fst01398426
Terrorism insurance -- United States -- Evaluation.
Terrorism -- Risk assessment -- United States.
Risk (Insurance) -- United States.
Risk management -- United States.
National security -- United States.
SOCIAL SCIENCE -- Disasters & Disaster Relief.
Evaluation. (OCoLC)fst00916975
National security. (OCoLC)fst01033711
Risk (Insurance) (OCoLC)fst01098134
Risk management. (OCoLC)fst01098164
United States. (OCoLC)fst01204155
Genre/Form Electronic books.
Electronic books.
Added Author Clancy, Noreen.
Rand Justice, Infrastructure, and Environment (Organization)
Rand Corporation.
Other Form: Print version: LaTourrette, Tom, 1963- Impact on federal spending of allowing the terrorism risk insurance act to expire. [Santa Monica] : Rand Corporation, [2014] 0833086197 (OCoLC)879324109
ISBN 9780833086365 (electronic bk.)
0833086367 (electronic bk.)
Report No. RAND/RR-611-CCRMC
Standard No. GBVCP 1008661813
NLGGC 383347661

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