G2TT
来源类型Research Reports
规范类型报告
ISBN9780833086648
来源IDRR-643-CCRMC
The Impact on Workers' Compensation Insurance Markets of Allowing the Terrorism Risk Insurance Act to Expire
Michael Dworsky; Lloyd Dixon
发表日期2014
出版年2014
页码24
语种英语
结论

The Market for Workers' Compensation Insurance in the Absence of the Terrorism Risk Insurance Act

  • Compared with other insurance lines covered by the Terrorism Risk Insurance Act (TRIA), workers' compensation (WC) offers insurers less flexibility to control terrorism exposure through modifications in coverage: WC policies cannot exclude terrorism, impose policy limits, or exclude losses from nuclear, biological, chemical, or radiological (NBCR) attacks.
  • If reinsurers are unwilling to provide much more coverage for both conventional and NBCR attacks, insurers might respond to TRIA's expiration in December 2014 by declining to provide WC coverage to employers who present a high geographic concentration of potential losses.
  • Without TRIA in place, employers perceived to be at high risk for terrorism might have to obtain coverage in markers of last resort known as residual markets, which could charge higher premiums.
  • The higher cost of coverage would tend to reduce labor incomes and economic growth even if there is never another attack, though these effects are likely to be small.
  • Expiration of TRIA and growth in the residual market might also mean that WC losses from a catastrophic terror attack would largely be financed by businesses and taxpayers throughout the state in which the attack occurs, adding to the challenge of rebuilding in that state. TRIA, in contrast, spreads such risk across the country.
主题Homeland Security Legislation ; Terrorism Risk Insurance ; Terrorism Risk Insurance Act of 2002 ; Terrorism Risk Management ; United States ; Workers' Compensation
URLhttps://www.rand.org/pubs/research_reports/RR643.html
来源智库RAND Corporation (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/107754
推荐引用方式
GB/T 7714
Michael Dworsky,Lloyd Dixon. The Impact on Workers' Compensation Insurance Markets of Allowing the Terrorism Risk Insurance Act to Expire. 2014.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Michael Dworsky]的文章
[Lloyd Dixon]的文章
百度学术
百度学术中相似的文章
[Michael Dworsky]的文章
[Lloyd Dixon]的文章
必应学术
必应学术中相似的文章
[Michael Dworsky]的文章
[Lloyd Dixon]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。