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- WTC attack drives efforts to quantify terrorism risks.(News)(World Trade Center)
- Byline: MARK A. HOFMANN & DOUGLAS McLEOD A tool unavailable to U.S. insurers at the time of the Sept. 11, 2001, terrorist attacks is helping them manage terrorism risks with increasing sophistication. The first commercially available version Byline: MARK A. HOFMANN...
- Research articles 2006-09-11
- Don't let tort reform calls sink terrorism reinsurance bill.(Brief Article)(Editorial)
- At last, the U.S. Senate lived up to its responsibility to assure economic stability in case of another terrorist attack by passing a bill to establish a federal reinsurance backstop for catastrophic terrorism losses. We still have a long way to g At...
- Research articles 2002-06-24
- U.S. treasury mandates terrorism coverage.(Capitol Beat)
- The U.S. Treasury Department has extended the Terrorism Risk Insurance Act of 2002's "make available" requirement through 2005. The act, which was prompted by the terrorist attacks of Sept. 11, 2001, established a three-year program to prom The U.S. Treasury Department has extended the Terrorism Risk...
- Research articles 2004-08-01
- Aviation, energy among hardest lines in London; Following Sept. 11 terrorist attacks, almost all lines seeing rate increases in market.
- LONDON-For London in 2002, it's back to the basics of underwriting, brokering and risk management. Reduced capacity and increased rates, retentions and exclusions have replaced holiday festivities in London, resulting in a frenzied, uncertain and LONDON-For London in 2002, it's back to...
- Research articles 2002-01-14
- Fed Role In Terror Re Debated.(Terrorist attacks' impact on reinsurance industry)(Government Activity)(Brief Article)(Statistical Data Included)
- Congress took the first tentative steps last week towards setting up a "reinsurer of last resort" for terrorist attacks. At a House Financial Services Committee hearing, the concept of a federal reinsurance pool was promoted by insurance Congress took the first tentative steps...
- Research articles 2001-10-01
- Capacity Seen Moving After Terror Attacks.(World Trade Center terrorist attacks' impact on insurance industry)(Brief Article)
- In the immediate aftermath of the World Trade Center terrorist attack, there was a concern on the part of brokers about a potential capacity crunch across all lines. "Getting coverage in terrorism is going to be difficult, getting capacity in In the immediate...
- Research articles 2001-10-01
- France considers insurer terrorism aid.(AXA Group, SCOR S.A. forecast heavy losses)(Brief Article)(Statistical Data Included)
- PARIS-French insurers met with government officials last Tuesday to discuss problems resulting from their exposure to claims from the Sept. 11 U.S. terrorist attacks and the possibility of government assistance. A spokeswoman for the Federation Fra PARIS-French insurers met with government officials last Tuesday...
- Research articles 2001-10-01
- Issues and Options for Government Intervention in the Market for Terrorism Insurance
- This paper focuses on insurance, which is only one part of an overall system for managing risks created by the possibility of terrorist attacks and compensating losses caused by terrorist attacks. Disaster assistance, the tort system, and charities can also play a role in this system. This paper should be...
- White papers 2004-10-13
- Dealing With Extreme Events: New Challenges for Terrorism Risk Coverage in the U.S.
- The terrorist attacks on September 11, 2001 (9/11) against the United States raises the fundamental question as to what are the responsibilities of the public and private sectors in reducing the risks of terrorist attacks and who should pay for future losses should the terrorists be successful? Prior to September...
- White papers 2004-06-01
- The Prevention and Detection of Terrorist Attacks: The Challenge for State and Local Government
- This paper features a discussion covering a wide range of homeland security issues related to law enforcement. It mainly focuses on interdiction of terrorists before they can commit terrorist acts which are among the most cost-effective means of dealing with terrorism. It also discusses why balancing the need to protect...
- White papers 2003-08-01
- TRIA and Beyond: What Would Be the Most Effective Way for the Nation to Recover From (Mega)-Terrorist Attacks?
- Estimating the risk of a terrorist attack is problematic because of limited historical data, divergent models, and differing expert judgments on the likelihood and impact of an attack. Therefore, professionals seeking to manage the risk are further challenged by uncertainty over whether to buy insurance, by how to conduct appropriate...
- White papers 2005-02-25
- Challenges for Terrorism Risk Insurance in the United States
- The terrorist attacks on September 11, 2001, against the United States raise a fundamental question about the responsibilities of the public and private sectors in reducing the risks of terrorist attacks and in providing adequate financial protection to victims of catastrophes. In the field of risk management and insurance, terrorism...
- White papers 2005-01-12
- Insurance: Half U.S. Businesses Lack Terrorism Insurance
- The total insured-property losses from the September 11 terrorist attacks are expected to hit more than $40 billion, according to the Insurance Information Institute, a nonprofit organization supported by the property and casualty insurance industry. As the costliest U.S. catastrophe to date, the September 11 terrorist attacks surpassed the insured...
- White papers
- Terrorist Attacks Put Reinsurance Lobbyists on Alert
- Terrorism seems to be on everyone's mind following the July 7 attack on the London underground. It is certainly on the mind of Massachusetts' insurance companies, which along with their national counterparts are lobbying Congress to extend the federal Terrorism Risk Insurance Act. Commonly known as TRIA, the law is...
- White papers
- Terrorism Insurance 2005
- The insurance industry can play a key role in contributing to the social and economic continuity of the country should a large-scale terrorist attack occur. In the aftermath of September 11, the insured costs associated with the terrorist attacks were spread across the U.S. and European economies. There have been...
- White papers 2005-04-18
- The Consequences of Terrorism for Financial Markets: What Do We Know?
- The objective of this article is to outline what one, as a researcher, knows and, more importantly, what one does not yet know about the consequences of terrorism for financial markets. The paper argues that a number of the efforts used to assess quantitatively the risk of terrorist attacks are...
- White papers 2006-05-07
- Cyberterror: A fact of life; Experts anticipate a rise in terrorist attacks on and through computer systems. (Systems & Software Technology).(September 11 attack on New York's World Trade Center)("Cyber Attacks During The war on Terrorism,"
- Not since the Japanese bombing of Pearl Harbor has an event burned itself into the collective consciousness of Americans as did the September 11 attack on New York's World Trade Center. But unlike Pearl Harbor, the Trade Center disaster demonstrate Not since the Japanese...
- Research articles 2002-01-01
- Terrorism 'hit really close to home'.(Brief Article)
- Local business people may not have had their foundations moved out from beneath them the way those based at the World Trade Center did, but the tragic events of Sept. 11 still had an effect on their work. "As sad as it is, our response...
- Research articles 2001-09-17
Additional Resources
- A Look at Terrorism and its Effect on the Insurance Industry
- In order to understand why terrorism has become such an important issue in the insurance industry, it is appropriate to give some history and how it relates to the insurance market. First, a quick review of the facts relating to the September 11th terrorist attack; the estimated loss for these...
- White papers 2003-01-01
- Terrorism and Insurance
- The September 11, 2001 terrorist attack resulted in an estimated $32.5 billion in insured losses. Those losses occurred across many types of coverage, including commercial property, business interruption, workers compensation, aviation, life and disability insurance. Future attacks on U.S. soil are also likely to trigger a wide range of insurance...
- White papers 2004-07-01
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