Insuring against terrorism
Kent A. Smetters
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65
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Insuring against terrorism
Published
2005
Publisher
National Bureau of Economic Research
Pages
65
Description
"Terrorist attacks worldwide during the past several years have spurned an interest in understanding not only how governments can mitigate terrorism risk but also how governments might help finance future losses. This interest was buttressed by the seemingly failure of the private insurance market to provide coverage for terrorism losses after the attack on September 11, 2001. This paper surveys the evidence of the supposed private market failures after 9/11 and the arguments for government provision of terrorism insurance. The paper argues that mostly unfettered insurance and capital markets are capable of insuring large terrorism losses. If there is any "failure," it rests with government tax, accounting, and regulatory policies that have made it costly for insurers to hold surplus capital. Government policy has also hindered the implementation of instruments that could securitize the underlying risks. Correcting these policies would likely enable private insurers to cover both terrorism and war risks"--National Bureau of Economic Research web site.
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Frequently Asked Questions
How many pages are in Insuring against terrorism?
This edition of Insuring against terrorism has approximately 65 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read Insuring against terrorism?
For most readers, Insuring against terrorism typically takes between 1h 21m and 54m to complete. This is based on the book's length of approximately 16,250 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 1h 5m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 3 days • Estimated word count: 16,250 words
Your individual reading time will vary based on your personal reading pace, the amount of daily reading time, and your familiarity with the subject matter.
What is the word count of Insuring against terrorism?
The estimated word count for Insuring against terrorism is approximately 16,250 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of Insuring against terrorism?
Insuring against terrorism was written by Kent A. Smetters.
When was Insuring against terrorism published?
The publication date for this specific edition is 2005. The original work may have been published on a different date.