Terrorism Risk Insurance Act of 2002: Terrorism Insurance Program, Treatment Of Terrorist Assets, Federal Reserve Board Provisions
- Topics:
- Terrorism Insurance
- Tags:
- Asset,
- Terrorism Insurance,
- Terrorism,
- Insurance,
- Homeland Security,
- Government,
- Financial Accounting,
- Financial,
- Finance,
- Federal Reserve Board,
- ...
- Source:
- American Re-Insurance Company
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Overview: The ability of businesses and individuals to obtain property and casualty insurance at reasonable and predictable prices, in order to spread the risk of both routine and catastrophic loss, is critical to economic growth, urban development, and the construction and maintenance of public and private housing, as well as to the promotion of United States exports and foreign trade in an increasingly interconnected world. The property and casualty insurance firms are important financial institutions, the products of which allow mutualization of risk and the efficient use of financial resources. This is to enhance the ability of the economy to maintain stability, while responding to a variety of economic, political, environmental, and other risks with a minimum of disruption.
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Format: PDF | Size: 82KB | Date: Jan 2003 | Pages: 20
