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The Terrorism Risk Insurance Act of 2002 (TRIA) established a public-private program to cover commercial enterprises … against foreign terrorism on US soil. It was a temporary measure to increase the availability of risk coverage for terrorist … permanent in its current form some very large insurers could strategize by collecting large amount of premiums for terrorism …
Persistent link: https://www.econbiz.de/10013310248
empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We …
Persistent link: https://www.econbiz.de/10013120307
Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate … and terrorism insurance. Using a unique dataset of insurance policies purchased by large U.S. firms, combined with … to obtain consistent estimates of premium elasticity of corporate demand for property and terrorism coverage. Our …
Persistent link: https://www.econbiz.de/10013074297
evolved in response to terrorism in Britain. The paper also discusses the reasons why there is strong cooperation among the CT …
Persistent link: https://www.econbiz.de/10012759635
This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …
Persistent link: https://www.econbiz.de/10012755733
There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of imports. Assuming reasonable spreads between the yield on reserve assets and the cost of foreign...
Persistent link: https://www.econbiz.de/10012761780
Governments fighting terrorists have many tactical options, yet these options often yield unintended and counterproductive consequences. This paper models a terrorist organization, a religious group from which the terrorists recruit suicide bombers, and the society in which the terrorists are...
Persistent link: https://www.econbiz.de/10013134861
This paper examines whether house demolitions are an effective counterterrorism tactic against suicide terrorism. We …
Persistent link: https://www.econbiz.de/10013136560
This paper investigates whether attacks against Israeli targets help Palestinian factions gain public support. We link individual level survey data to the full list of Israeli fatalities during the period of the Second Intifada (2000-2006), and estimate a flexible discrete choice model for...
Persistent link: https://www.econbiz.de/10013137009
We analyze the link between economic conditions and the quality of suicide terrorism. While the existing empirical …
Persistent link: https://www.econbiz.de/10013138762