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Terrorism insurance implementation of the Terrorism Risk Insurance Act of 2002 by United States. General Accounting Office

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Published by GAO in Washington, D.C .
Written in English

Subjects:

Places:

  • United States.

Subjects:

  • Terrorism insurance -- United States.,
  • Risk (Insurance) -- United States.,
  • Terrorism -- Economic aspects -- United States.

Book details:

Edition Notes

Other titlesImplementation of the Terrorism Risk Insurance Act of 2002
StatementCongress. House. Committee on Financial Services.
ContributionsUnited States. Congress. House. Committee on Financial Services.
Classifications
LC ClassificationsHG8054.5.U55 U54 2004
The Physical Object
Paginationii, 33 p. :
Number of Pages33
ID Numbers
Open LibraryOL3350420M
LC Control Number2004368678
OCLC/WorldCa55070962

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  This new book provides a concise but thorough explanation of the state of terrorism insurance in the United States today. The insurance industry received a terrible wake-up call on Septem , that changed everything. ISBN: OCLC Number: Description: x, pages: illustrations ; 26 cm. Contents: Machine generated contents note: Ch. 1 Terrorism risk insurance legislation in issue summary and side-by-side / Baird Webel --Ch. 2 Terrorism risk insurance: issue analysis and legislation / Baird Webel --Ch. 3 Terrorism insurance: status . Has been involved in speaking at Social work and Social science schools & various universities on Welfare Insurance, Micro Insurance, War & Terrorism, Social issues. Few of his upcoming books are on 1) Modern Social Problems, 2) Liability Insurance, 3) Terrorism etc. Terrorism insurance schemes have become established in a large number of countries and they were often formed in response to the events of Septem The features of the main terrorism insurance schemes are outlined in Appendix A and brief information on some other terrorism schemes is provided in Appendix Size: KB.

Domestic Terrorism — the Federal Bureau of Investigation defines this term as "the unlawful use, or threatened use, of force or violence by a group or individual based and operating entirely within the United States or its territories without foreign direction committed against persons or property to intimidate or coerce a government, the civilian population, or any segment thereof, in. How does terrorism insurance work? A. Losses are only covered by a terrorism insurance policy if the U.S. Department of the Treasury officially certifies an event as an act of terrorism. This requires that the act be violent and be driven by the desire of an individual or individuals to coerce U.S. civilians or government. No act shall be. The Terrorism Risk Insurance Act (TRIA) (H.R. , Pub.L. –) is a United States federal law signed into law by President George W. Bush on Novem The Act created a federal "backstop" for insurance claims related to acts of Act "provides for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism."Enacted by: the th United States Congress. France – Terrorism Risk Insurance Programme 5 The level of the trigger (State decision) of the Unlimited Treaty is € billion in If there are no major losses which could impact the structure of the present system, the trigger will be raised by anFile Size: KB.

However, terrorism insurance will usually not cover damages resulting from declared acts of war or from nuclear, chemical, radiological or biological acts of terrorism. In many cases, terrorism insurance may include other options. For example, travel terrorism insurance may provide reimbursement if a trip is cancelled due to an act of terrorism. UNITED KINGDOM TERRORISM RISK INSURANCE PROGRAMME Name of programme Pool Reinsurance Company Ltd. (Pool Re) Date of establishment Basic structure Pool Re is a mutual reinsurance company authorized to transact reinsurance business. The scheme covers losses resulting from an ActFile Size: KB. Marsh can help. With specialised terrorism insurance brokers based in New York and London, we provide advice, industry intelligence updates and reports, and modelling capabilities that quantify your risk and project potential losses. Marsh’s terrorism team can investigate all terrorism and political violence risk-transfer options. The Palgrave Handbook of Criminal and Terrorism Financing Law focuses on how criminal and terrorist assets pose significant and unrelenting threats to the integrity, security, and stability of contemporary response to the funds generated by or for organised crime and transnational terrorism, strategies have been elaborated at national, regional, and Author: Colin King.