Federal Terrorism Risk Insurance
نویسندگان
چکیده
منابع مشابه
Quantifying Insurance Terrorism Risk
The World Trade Center disaster was a stark reminder to the insurance industry of the potential dire consequences of accumulating high concentrations of insured value and underestimating a hazard to which they are exposed. By imposing strict coverage limits, or stopping to offer terrorism cover for large commercial policies, initial steps can be taken to address the accumulation problem. Subseq...
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It is part of the badge of being a red-blooded American businessman to oppose government regulation of business and-as the ultimate anathema-to oppose government takeover, i.e., government operation of an enterprise that might otherwise be run by private business. Although the insurance industry has long been regulated on the state level, there seems little or no fear of takeover by state gover...
متن کاملPrivate Health Insurance Premiums and Federal Policy
Most Americans are covered by private health insurance, which they either obtain through employment or purchase individually. Insurance premiums—the payments made to buy that coverage by enrollees or by other parties on their behalf—are high and rising. The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) project that in 2016, the average premium for an employm...
متن کاملTerrorism Risk Coverage
Although international terrorism is not a new risk, the perceived nature of risk associated with terrorist attacks has changed radically with the unutterably abominable September 11, 2001 events (9/11) (Liedtke and Courbage, 2002). These attacks killed nearly 3,050 persons, leading people to perceive in which state of insecurity they were living. Until then the risk of such large-scale attacks ...
متن کاملQuantitative Terrorism Risk Assessment
Traditionally, the pricing of terrorism risk has been discovered from the balance of supply and demand in the insurance market, rather than evaluated from actuarial principles. Risk selection through the use of site security surveys has helped reduce the number of inferior risks, and systematic portfolio risk aggregation has limited the Probable Maximum Loss from any attack scenario. With such ...
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ژورنال
عنوان ژورنال: National Tax Journal
سال: 2002
ISSN: 0028-0283,1944-7477
DOI: 10.17310/ntj.2002.3.13