Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Terrorism Insurance Treasury Needs to Collect and Analyze Data to Better Understand Fiscal Exposure and Clarify Guidance

Terrorism Insurance Treasury Needs to Collect and Analyze Data to Better Understand Fiscal Exposure and Clarify Guidance

United States Government Accountability

Paperback

General Reference

ISBN10: 1503395901
ISBN13: 9781503395909
Publisher: Createspace
Published: Jan 1 2015
Pages: 76
Weight: 0.44
Height: 0.16 Width: 8.50 Depth: 11.02
Language: English
From an insurance standpoint, measuring and predicting terrorism risk is challenging. According to standard insurance theory, four major principles contribute to the ability of insurers to estimate and cover future losses: the law of large numbers, measurability, fortuity, and the size of the potential losses. When determining whether to offer coverage for a particular risk and at what price, insurers evaluate whether sufficient information exists about each of these principles. To underwrite insurance-that is, decide whether to offer coverage and what price to charge-insurers consider both the likelihood of an event (frequency) and the amount of damage it would cause (severity).

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