This paper examines the role of the federal government in the market for terrorism reinsurance. We investigate the stock price response of affected industries to a sequence of thirteen events culminating in the enactment of the Terrorism Risk Insurance Act (TRIA) of 2002. In the industries most likely to be affected by TRIA banking, construction, insurance, real estate investment trusts, transportation, and public utilities the stock price effect was primarily negative. The Act was at best value-neutral for property-casualty insurers because it eliminated the option not to offer terrorism insurance. The negative response of the other industries may be attributable to the Act's impeding more efficient private market solutions, failing to add...
Testimony issued by the General Accounting Office with an abstract that begins "In the closing month...
This study aims to examine the effect on stock returns of 28 terrorist and military events occurring...
A letter report issued by the Government Accountability Office with an abstract that begins "The Ter...
Nine OECD countries presently have national terrorism insurance programs based on some type of publi...
Federal government support for the terrorism insurance industry has a very brief history. Prior to 9...
Testimony issued by the General Accounting Office with an abstract that begins "After the terrorist ...
The Terrorism Risk Insurance Act of 2002 (TRIA) established a public-private program to cover commer...
The terrorist attacks of September 11, 2001, inflicted enormous losses on the insurance industry and...
The Terrorism Risk Insurance Act of 2002 (TRIA) established a public-private program to cover commer...
This paper examines the role that insurance has played in dealing with terrorism before and after Se...
Correspondence issued by the Government Accountability Office with an abstract that begins "The terr...
This study tracks the progress of the various initiatives that eventually turned into the federal te...
Terrorist attacks that have succeeded abroad since 2001, as well as others that were prevented, indi...
Since September 11, 2001, insurance markets have been struggling to adjust to new information about ...
September 11 changed the American economy and the global insurance market. The insurance industry no...
Testimony issued by the General Accounting Office with an abstract that begins "In the closing month...
This study aims to examine the effect on stock returns of 28 terrorist and military events occurring...
A letter report issued by the Government Accountability Office with an abstract that begins "The Ter...
Nine OECD countries presently have national terrorism insurance programs based on some type of publi...
Federal government support for the terrorism insurance industry has a very brief history. Prior to 9...
Testimony issued by the General Accounting Office with an abstract that begins "After the terrorist ...
The Terrorism Risk Insurance Act of 2002 (TRIA) established a public-private program to cover commer...
The terrorist attacks of September 11, 2001, inflicted enormous losses on the insurance industry and...
The Terrorism Risk Insurance Act of 2002 (TRIA) established a public-private program to cover commer...
This paper examines the role that insurance has played in dealing with terrorism before and after Se...
Correspondence issued by the Government Accountability Office with an abstract that begins "The terr...
This study tracks the progress of the various initiatives that eventually turned into the federal te...
Terrorist attacks that have succeeded abroad since 2001, as well as others that were prevented, indi...
Since September 11, 2001, insurance markets have been struggling to adjust to new information about ...
September 11 changed the American economy and the global insurance market. The insurance industry no...
Testimony issued by the General Accounting Office with an abstract that begins "In the closing month...
This study aims to examine the effect on stock returns of 28 terrorist and military events occurring...
A letter report issued by the Government Accountability Office with an abstract that begins "The Ter...