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Diane Publishing Books
Federal Reinsurance for Disasters
David Torregrosa (a.); Dan L. Crippen (preface). Analyzes proposals for Federal reinsur. of risks from terrorism & natural disasters. The terrorist attacks of Sept. 11, 2001, inflicted enormous personal & property losses on the U.S. Insur. payments for economic losses on that day will surpass $30 bill. & could top $50 bill. Among the many adverse economic effects that resulted from the attacks is a continuing shortage of insur. against losses of property from terrorism. Coverage is difficult to obtain, esp. for landmark bldgs. or sites; where coverage is available, prices are high & restrictions are numerous. This study examines the market for property & casualty insur.; the marketís response to recent large, unanticipated losses; & policies that Congress is considering to increase the availability of insur.
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