The Impact on Federal Spending of Allowing the Terrorism Risk Insurance Act to Expire

Tom LaTourrette ; Noreen Clancy

RAND Corporation

RAND Corporation

关键词: Disaster Recovery Operations;    United States;    Terrorism Risk Management;    Community Resilience;    Terrorism Risk Insurance Act Of 2002;   

DOI  :  10.7249/RR611
ISBN  :  9780833086198
RP-ID  :  RR-611-CCRMC

学科分类：自然科学（综合）

美国|英语

来源: RAND Corporation Published Research

【 摘 要 】

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.