• Corpus ID: 27548

Terrorism Losses and All Perils Insurance

  title={Terrorism Losses and All Perils Insurance},
  author={Howard Kunreuther and Mark Pauly},
Summary This paper deals with the role of insurance for damages from catastrophic events. Prior to the attack of September 11, 2001, insurers typically provided coverage for losses from terrorism and those from almost all other causes. These causes were thought by the industry to be of sufficiently low probability and were not a reason for making changes in premiums, underwriting, or reserves. In times past, property-casualty insurance had provided protection only for losses from named causes… 
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