000			03753cam a2200481 i 4500
001			rnd000000000111660
003			RAND
005			20200811100831.0
008			070920s2007 caua 000 0 eng d
010			_a 2007039017
020			_a0833042351
020			_a0833044338 (electronic bk.)
020			_a9780833042354 (pbk. : alk. paper)
020			_a9780833044334 (electronic bk.)
027			_aRAND/MG-679-CTRMP
035			_a(Sirsi) lc514272
040			_aCstmoR _cCstmoR
043			_an-us---
050	0	0	_aHG8535 _b.F43 2007
245	0	4	_aThe federal role in terrorism insurance : _bevaluating alternatives in an uncertain world / _cLloyd Dixon ... [et al.].
264		1	_aSanta Monica, CA : _bRAND Corp., _c2007.
300			_axxvi, 121 pages : _billustrations _c28 cm.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
337			_aunmediated _bn _2rdamedia
338			_aonline resource _bcr _2rdacarrier
338			_avolume _bnc _2rdacarrier
500			_a"RAND Center for Terrorism Risk Management and Policy."
504			_aIncludes bibliographical references (p. 117-121).
505	0		_aIntroduction -- Analytic Methods -- Consequences of Allowing TRIA to Expire -- Consequences of Requiring Insurers to Offer Terrorism Coverage for Conventional and NBCR Attacks -- Conclusion -- Appendix A: RMS's Probabilistic Terrorism Model -- Appendix B: Policyholder Take-Up of Terrorism Insurance -- Appendix C: Loss-Distribution Model -- Appendix D: Identifying Key Factors Driving Trade-Offs Between Interventions -- Appendix E: Calculating Expected Losses with Multiple Probability Distributions.
520			_aConcerned that the unavailability of terrorism insurance would impede economic recovery and hinder growth after the 9/11 attacks, Congress passed the Terrorism Risk Insurance Act of 2002 (TRIA). TRIA will sunset at the end of 2007 unless Congress takes further action. This book examines the implications of allowing TRIA to expire and of enhancements aimed at improving the availability and affordability of insurance for nuclear, biological, chemical, and radiological (NBCR) attacks. The analysis takes a systematic approach to addressing the deep uncertainties that underlie the market for terrorism insurance and is the first study of TRIA to consider not just taxpayer payments through the program but also the cost of government compensation and assistance following a terrorist attack when analyzing the program's effect on government spending. The authors conclude that taxpayer cost is lower with TRIA than without TRIA across a broad range of assumptions about attack frequency and the proportion of uninsured losses that are compensated postattack. The analysis also cautions policymakers to be careful when modifying the program to better address NBCR attacks: Simply expanding the program to require insurers to offer NBCR coverage may not achieve the desired outcomes. The authors identify program changes that will produce positive results for both NBCR and conventional attacks that are robust to key underlying uncertainties.
530			_aAlso available on the internet via WWW in PDF format.
610	1	0	_aUnited States. _tTerrorism Risk Insurance Act of 2002.
650		0	_aRisk (Insurance) _zUnited States.
650		0	_aTerrorism insurance _xGovernment policy _zUnited States.
650		0	_aTerrorism _xEconomic aspects _zUnited States.
700	1		_aDixon, Lloyd S. _eauthor.
700	1		_aLempert, Robert J. _eauthor.
700	1		_aLaTourrette, Tom, _d1963- _eauthor.
700	1		_aReville, Robert T. _eauthor.
710	2		_aRAND Center for Terrorism Risk Management and Policy.
710	2		_aRand Corporation.
856	4	1	_yOnline Access _uhttp://www.rand.org/pubs/monographs/MG679/
999			_c598102 _d598102