National Security and Compensation Policy for Terrorism Losses
Download Free Electronic Document
|PDF file||0.2 MB||
Use Adobe Acrobat Reader version 10 or higher for the best experience.
Much research and policy on terrorism insurance compares terrorism to natural catastrophes, but this obscures the national security dimension of terrorism insurance. In this paper, we argue that government support of terrorism insurance and compensation can impact national security in several ways. It can increase resilience after terrorist attacks, demonstrate solidarity with victims, and affect incentives for security precautions. Thus terrorism insurance policy may be an important element of the strategy against terrorism, particularly as terrorists increasingly focus on economic targets.
Originally published in: Catastrophic Risks and Insurance: Policy Issues in Insurance, no. 8, November 2005, pp. 1-10.
This report is part of the RAND Corporation Reprint series. The Reprint was a product of the RAND Corporation from 1992 to 2011 that represented previously published journal articles, book chapters, and reports with the permission of the publisher. RAND reprints were formally reviewed in accordance with the publisher's editorial policy and compliant with RAND's rigorous quality assurance standards for quality and objectivity. For select current RAND journal articles, see External Publications.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.