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. Because of its particular configuration, such a tragedy made of terrorism a new source of large-scale extreme risks. From this … date, and in a catastrophic risk coverage?s perspective, terrorism is often compared with other devasting events like … natural disasters. We show in this article that terrorism presents, however, several singularities in an insurance point of …
Persistent link: https://www.econbiz.de/10011187245
standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … insurance for non-catastrophe risks. This result differs from the findings on individual demand for insurance. The terrorism … price elasticity of the demand for terrorism insurance is half in this area relative to the rest of the country. …
Persistent link: https://www.econbiz.de/10008794327
Nine OECD countries presently have national terrorism insurance programs based on some type of public–private risk …, little is known about the effect of such governmental intervention on terrorism insurance markets. This paper focuses on the … United States, where the Terrorism Risk Insurance Act of 2002 (TRIA) provides insurers with no cost federal reinsurance up to …
Persistent link: https://www.econbiz.de/10010577685
standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … insurance for non-catastrophe risks. This result differs from the findings on individual demand for insurance. The terrorism … price elasticity of the demand for terrorism insurance is half in this area relative to the rest of the country. …
Persistent link: https://www.econbiz.de/10010294811
standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … insurance for non-catastrophe risks. This result differs from the findings on individual demand for insurance. The terrorism … price elasticity of the demand for terrorism insurance is half in this area relative to the rest of the country. …
Persistent link: https://www.econbiz.de/10004981427
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