The Impact on Federal Spending of Allowing the Terrorism Risk Insurance Act to Expire

• Main Author: LaTourrette, Tom (auth)
• Other Authors: Clancy, Noreen (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: RAND Corporation 2014
• Subjects: History of the Americas; Terrorism, armed struggle; Population & demography; Social impact of disasters; Political Science; History; Sociology; Population Studies
• Online Access: DOAB: download the publication; DOAB: description of the publication

Congress enacted the Terrorism Risk Insurance Act (TRIA) in response to the terrorism insurance industry contraction after the 9/11 attacks. With TRIA set to expire, this policy brief examines the federal spending implications of TRIA. The authors find that, in the absence of a terrorist attack, TRI...