G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w9271
来源IDWorking Paper 9271
Federal Terrorism Risk Insurance
Jeffrey R. Brown; Randall S. Kroszner; Brian H. Jenn
发表日期2002-10-10
出版年2002
语种英语
摘要The terrorist attacks of September 11, 2001 represented a loss for commercial property & casualty insurers that was both unprecedented and unanticipated. After sustaining this record capital loss, the availability of adequate private insurance coverage against future terrorist attacks came into question. Concern over the potential adverse consequences of the lack of availability of insurance against terrorist incidents led to calls for federal intervention in insurance markets. This paper discusses the economic rationale for and against federal intervention in the market, and concludes that the benefits from establishing a temporary transition program, during which the private sector can build capacity and adapt to a dramatically changed environment for terrorism risk, may provide benefits to the economy that exceed the direct and indirect costs.
主题Financial Economics ; Financial Institutions ; Financial Markets
URLhttps://www.nber.org/papers/w9271
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/566884
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GB/T 7714
Jeffrey R. Brown,Randall S. Kroszner,Brian H. Jenn. Federal Terrorism Risk Insurance. 2002.
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