How does the Terrorism Risk Insurance Act (TRIA) align with the evolving terrorism threat? Transnational and domestic terrorism trends reveal that TRIA does not provide adequate financial protection, particularly in the face of economically motivated attacks. It also shows that TRIA has significant gaps and is not robust to an evolving threat, particularly in the area of chemical, biological, radiological, and nuclear attacks and in the exclusion of domestic attacks. Policy recommendations are made to address these concerns.

The RAND Center for Terrorism Risk Management Policy is a joint project of RAND Infrastructure, Safety, and Environment; RAND Institute for Civil Justice; and Risk Management Solutions.

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