Distribution of Losses From Large Terrorist Attacks Under the Terrorism Risk Insurance Act

• Main Author: Carroll, Stephen J. (auth)
• Other Authors: LaTourrette, Tom (auth), Chow, Brian G. (auth), Jones, Gregory S. (auth), Martin, Craig (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: RAND Corporation 2005
• Subjects: Terrorism, armed struggle; Political Science
• Online Access: DOAB: download the publication; DOAB: description of the publication

The pending expiration of the Terrorism Risk Insurance Act (TRIA) of 2002 is the impetus for this assessment of how TRIA redistributes terrorism losses. The authors find that the role of taxpayers is expected to be minimal in all but very rare cases and that, even with TRIA in place, a high fraction...