Terrorism Risk Insurance Act (TRIA)

Selected Research

Taxpayers, Policyholders Benefit from Terrorism Risk Insurance Program — Oct. 10, 2007

Taxpayers save money and businesses are better protected with the Terrorism Risk Insurance Act (TRIA) in place than if the act is allowed to expire. TRIA allows the insurance industry to play a larger role in compensating losses caused by smaller terrorist attacks by transferring some of the risk for the largest attack to the government.

Full Document News Release Research Brief Terrorism and Homeland Security Research Area

Should the Terrorism Risk Insurance Act of 2002 Be Extended? — Jun. 5, 2007

Interim findings from a RAND Center for Terrorism Risk Management Policy project suggest that the Terrorism Risk Insurance Act performs well on outcomes examined for conventional attacks but not for chemical, biological, radiological, or nuclear ones.

Full Document

Terrorism Risk Insurance Act Effective at Sharing Financial Risk — Oct. 25, 2005

The Terrorism Risk Insurance Act (TRIA) creates an effective mechanism for sharing the financial risk that businesses face from terrorism. Still, less than half of all businesses have terrorism insurance; the U.S. government should consider encouraging these businesses to buy coverage.

Full Document News Release Research Brief Terrorism and Homeland Security Research Area

U.S. Terrorism Insurance System Falling Short — Jun. 20, 2005

The terrorism insurance system in the United States is failing to provide businesses with adequate financial protection, leaving the nation vulnerable to economic disruption if there is a major terrorist attack.

Full Document News Release Research Brief Civil Justice Research Area

Issues and Options for Government Intervention in the Market for Terrorism Insurance — Sep., 2004

Following the 9/11 terrorist attacks, the federal government adopted the Terrorism Risk Insurance Act (TRIA), which requires insurers to make terrorism coverage available to commercial policyholders. In exchange, the federal government will reimburse insurers for a portion of insured losses above a particular threshold. This paper frames the central issues in the debate over whether to extend, modify, or end TRIA, and explores the role of disaster insurance within a system for managing risks created by the possibility of terrorist attacks and compensating losses caused by those attacks.

Full Document ICJ Congressional Newsletter

Compensation for 9/11 Attacks Tops $38 Billion — Nov. 8, 2004

The terrorist attacks of September 11, 2001 caused tremendous loss of life, property, and income, and the resulting response from public and private organizations was unprecedented. This monograph examines the benefits received by those who were killed or seriously injured on 9/11 and the benefits provided to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center. The authors examine the performance of the compensation system — insurance, tort, government programs, and charity — in responding to the losses stemming from 9/11.

Full Document Research Brief News Release ICJ Congressional Newsletter

Center for Terrorism Risk Management Policy — 2004

The RAND Center for Terrorism Risk Management Policy provides research to inform public and private decisionmakers on economic security in the face of the terrorism threat. The Center's studies will examine the insurability of terrorism risk and inform the Congressional debate about whether to renew or amend the Terrorism Risk Insurance Act (TRIA) in 2005.

Related Resources

Contributing Divisions, Programs and Centers

Hot Topics