A Successful (Yet Somewhat Untested) Case of Disaster Financing: Terrorism Insurance under TRIA 2002-2020

This paper provides a detailed discussion of the operation of the Terrorism Risk Insurance program. It summarizes findings from simulations of loss sharing under the current program design for various possible terrorist attacks.

Working Paper by Erwann Michel-Kerjan and Howard Kunreuther — Feb. 15, 2017



Erwann Michel-Kerjan

Howard Kunreuther