{"product_id":"terrorism-long-term-availability-and-affordability-of-insurance-for-terrorism-risk-9781646790258","title":"Terrorism: Long-Term Availability and Affordability of Insurance for Terrorism Risk","description":"\u003cp\u003e • Author(s): Plunge Protection Team\u003cbr\u003e • Publisher: Cosimo Reports\u003cbr\u003e • Publisher Imprint: Cosimo Reports\u003cbr\u003e • BISAC: Terrorism\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAfter the terrorist attacks of September 11, 2001, with estimated insured losses of $32.5 billion, insurers largely withdrew from the terrorism risk insurance market. Terrorism had then become a major risk for the financial markets. In response, the Terrorism Risk Insurance Act of 2002 required the President's Working Group on Financial Markets to analyze the long-term availability of terrorism risk insurance. \u003c\/p\u003e\u003cp\u003eSeveral reports have been released since, with the current report \u003cem\u003eTerrorism: Long-Term Availability and Affordability of Insurance for Terrorism Risk\u003c\/em\u003e submitted to Congress in 2014. Among its findings is that the capacity of insurers for terrorism risk after initial growth from 2003 on has stabilized since 2010; that pricing of terrorism insurance has declined since 2005; and that the percentage of companies purchasing terrorism coverage has increased from 27 percent in 2003 to 60 percent in 2014. \u003c\/p\u003e\u003cp\u003eStudents of financial history, journalists, politicians, and anyone interested in the workings of financial markets and the Plunge Protection Team, will find this vital background reading.\u003c\/p\u003e","brand":"Atlantic Books","offers":[{"title":"Paperback","offer_id":46454463299735,"sku":"9781646790258","price":1452.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781646790258.webp?v=1769148804","url":"https:\/\/atlanticbooks.com\/products\/terrorism-long-term-availability-and-affordability-of-insurance-for-terrorism-risk-9781646790258","provider":"Atlantic Books","version":"1.0","type":"link"}