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We investigate the effect of the 20 largest in terms of insured losses man-made or natural disasters on the insurance … industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to capital and …
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The Terrorism Risk Insurance Act (TRIA), passed at the end of 2002, established a public-private partnership between … terrorism insurance to their commercial policyholders while providing insurers with free up-front financial protection up to … uninsurable, thus making terrorism insurance widely available and affordable. Overall premiums have been at about 2 to 6 percent …
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