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Articles

Regulation

Insurance Law

2011

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Under Attack: Terrorism Risk Insurance Regulation, Alexia Brunet Marks Jan 2011

Under Attack: Terrorism Risk Insurance Regulation, Alexia Brunet Marks

Articles

Scholarly debates over the September 11th attacks focus predominantly on high-profile issues, such as torture, preventive detention, interrogation, privacy, and surveillance. These debates have overshadowed the equally important and far-reaching issue of terrorism risk insurance, which not only involves billions of dollars, but provides powerful incentives to keep us safe. Developing a sound understanding of the market for terrorism risk insurance is essential to guiding the difficult determination of the appropriate balance between private and public responsibility for preventing and (when necessary) compensating for terrorism.

The attacks of September 11th represented one of the costliest insurance events in American history ...