My Library

University LibraryCatalogue

For faster,
Use Lean
Get it now
Don't show me again

LEADER 00000cam a2200589Ii 4500 
003    OCoLC 
005    20190411065632.3 
006    m     o  d         
007    cr cnu---unuuu 
008    141003s2014    cau     ob    000 0 eng d 
019    JSTORocn892105677 
020    9780833086983|q(electronic bk.) 
020    0833086987|q(electronic bk.) 
020    |z0833086642 
020    |z9780833086648 
027    RAND/RR-643-CCRMC 
037    22573/ctt6v313m|bJSTOR 
040    JSTOR|beng|erda|epn|cJSTOR|dAD#|dCUI|dYDXCP|dECB|dOCLCQ
043    n-us--- 
049    MAIN 
050  4 HG8054.5|b.D96 2014eb 
082 04 368.4/8|223 
100 1  Dworsky, Michael,|eauthor. 
245 14 The impact on workers' compensation insurance markets of 
       allowing the Terrorism Risk Insurance Act to expire /
       |cMichael Dworsky, Lloyd Dixon. 
264  1 [Santa Monica, California] :|bRand Corporation,|c[2014] 
264  4 |c©2014 
300    1 online resource (20 pages). 
336    text|btxt|2rdacontent 
337    computer|bc|2rdamedia 
338    online resource|bcr|2rdacarrier 
490 1  Policy brief / Rand Corporation 
500    "RR-643-CCRMC"--Page 4 of cover. 
500    "RAND Center for Catastrophic Risk Management and 
       Compensation"--Page 4 of cover. 
504    Includes bibliographical references. 
520    Congress enacted the Terrorism Risk Insurance Act (TRIA) 
       in 2002, in response to terrorism insurance becoming 
       unavailable or, when offered, extremely costly in the wake
       of the 9/11 attacks. The law provides a government 
       reinsurance backstop in the case of a terrorist attack by 
       providing mechanisms for avoiding an immediate drawdown of
       capital for insured losses or possibly covering the most 
       extreme losses. Extended first in 2005 and again in 2007, 
       TRIA is set to expire at the end of 2014, and Congress is 
       again reconsidering the appropriate government role in 
       terrorism insurance markets. This policy brief examines 
       how markets for workers' compensation (WC) insurance would
       be affected if TRIA were to expire. They explain that TRIA
       expiration would affect WC insurance markets differently 
       from other insurance markets because WC statutes rigidly 
       define the terms of coverage, such that in a post-TRIA 
       world insurance companies would limit their terrorism risk
       exposure by declining coverage to employers facing high 
       terrorism risk. Because WC coverage is mandatory for 
       nearly all U.S. employers, employers that cannot purchase 
       coverage would be forced to obtain coverage in markets of 
       last resort. Migration of terrorism risk to these markets 
       of last resort would increase the likelihood 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. 
610 10 United States.|tTerrorism Risk Insurance Act of 2002. 
650  0 Terrorism insurance|xGovernment policy|zUnited States. 
650  0 Workers' compensation|zUnited States. 
655  4 Electronic books. 
700 1  Dixon, Lloyd S.,|eauthor. 
710 2  Rand Corporation,|eissuing body. 
710 2  RAND Center for Catastrophic Risk Management and 
710 2  JSTOR|eissuing body. 
776 08 |iPrint version:|aDworsky, Michael.|tImpact on workers' 
       compensation insurance markets of allowing the Terrorism 
       Risk Insurance Act to expire|z0833086642|w(OCoLC)881257388
830  0 Policy brief (Rand Corporation) 
830  0 Books at JSTOR Open Access 
856 40 |u|zConnect to ebook
       (University of Melbourne only) 
990    JSTOR Open Access Books 
990    Batch Ebook load (bud2) - do not edit, delete or attach 
       any records. 
991    |zUPDATED Custom text change 2019-04-10 
Location Call No. Status