scholarly journals Policy: Watch Challenges for Terrorism Risk Insurance in the United States

2004 ◽  
Vol 18 (4) ◽  
pp. 201-214 ◽  
Author(s):  
Howard Kunreuther ◽  
Erwann Michel-Kerjan
Keyword(s):  
Federal Government ◽  
Risk Sharing ◽  
Insurance Coverage ◽  
The United States ◽  
Terrorism Risk ◽  
Insurance Program ◽  
Before And After ◽  
Risk Insurance ◽  
Unites States ◽  
The U.S

This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program that provides up to $100 billion commercial coverage with a specific but temporary risk-sharing arrangement between the federal government and insurers. TRIA's three-year term ends December 31, 2005, so Congress soon has to determine whether it should be renewed, whether an alternative terrorism insurance program should be substituted for it, or whether insurance coverage is left solely in the hands of the private sector. As input into this process, the paper examines several alternatives and scenarios, and discusses their potential to create a sustainable terrorism insurance program in the Unites States.

scholarly journals The Terrorist Risk Insurance Act of 2002: The Federal Government's Role in Addressing Losses Caused by Terrorism

2004 ◽  
Vol 11 (1) ◽  
pp. 51
Author(s):  
Michael P.G. Stinziano
Keyword(s):  
United States ◽  
Risk Sharing ◽  
Market Failure ◽  
Private Insurance ◽  
The United States ◽  
Insurance Companies ◽  
Terrorist Attacks ◽  
Terrorism Risk ◽  
The Government ◽  
Risk Insurance

In response to problems associated with insuring against the risk of foreign terrorist attacks in the United States, Congress passed The Terrorist Risk Insurance Act of 2002 (TRIA) to help solve an availability and affordability crisis in the private marketplace for terrorism risk insurance. TRIA established a temporary three-year federal program that created a risk-sharing mechanism to provide private insurance companies with a tool to manage the allocation of their risk resulting from foreign terrorist attacks. The role of government in helping to provide financial protection from losses not served by private markets is not new, but protecting against terrorism risk is. TRIA and its possible alternatives remain a topic of considerable discussion and debate as our country continues to address the threat of terrorism in the United States. One important element of this analysis is to determine what permanent role, if any, the government should play in providing terrorism risk insurance to address the market failure that occurred after September 11. Another is to explore possible alternatives to the current temporary program.

scholarly journals Assessment of insurance needs and opportunities in the Caribbean fisheries sector

2018 ◽  
Author(s):  
Uwe Tietze ◽  
Raymon van Anrooy
Keyword(s):  
Insurance Coverage ◽  
The United States ◽  
Marine Insurance ◽  
Department Of State ◽  
Fishing Vessels ◽  
The World Bank ◽  
Organizational Arrangement ◽  
The Caribbean ◽  
Global Initiative ◽  
Risk Insurance

Climate change related natural disasters pose serious threats and risks to livelihoods of fishermen and women as well as to food security in the Caribbean. To respond to these threats and risks, the FAO, the Department of State of the United States of America and the World Bank introduced an initiative on climate risk insurance for the Caribbean Fisheries sector as part of a global initiative on Blue Growth.In support of this initiative a survey was conducted to identify fisheries assets that could be insured, value these assets, identify climate smart fisheries investments and practices and carry out an insurance needs and demand survey. This Circular presents survey findings from Antigua and Barbuda, Barbados, Grenada, St Lucia, St Kitts and Nevis and St Vincent and the Grenadines. Some of the key findings are that: 97 percent of the fishing vessels and fishing assets were not insured, while in each of the CARICOM countries there is at least one local insurer offering marine insurance; 83 percent of the fishers would purchase insurance coverage for their vessels if it would be more affordable; only 17 percent of the fishers had a health insurance and 20 percent had an life insurance policy. Moreover, more than one-third of the fishers would be interested to invest in safe harbor, anchorage, haul out and vessel storage facilities, including installation of bumper rails on piers and the use of fenders on boats and piers, if this would reduce insurance premiums.Based on the findings of the insurance demand survey, an organizational arrangement for a Caribbean Fisheries Risk Insurance Facility (CFRIF) was developed, presented at various regional fora and shared with interested stakeholders.

Uncle Sam’s Efforts

2018 ◽  
pp. 51-86
Author(s):  
Lisa Lindquist Dorr
Keyword(s):  
United States ◽  
Federal Government ◽  
The United States ◽  
Coast Guard ◽  
Local Law Enforcement ◽  
Eighteenth Amendment ◽  
Local Law ◽  
State And Local ◽  
American Cities ◽  
The U.S

With the passage of the Eighteenth Amendment, the federal government developed and enforcement strategy that charged the U.S. Coast Guard with preventing the illegal importation of liquor on the high seas surrounding the United States. The U.S. Customs Bureau guarded the nation's ports and borders, and the Prohibition Bureau working with state and local law enforcement patrolled the nation's interior. Congress, however, failed to appropriate the resources needed to enforce the law. The Coast Guard lacked enough ships to patrol U.S. waters, and faced uncertainty over the extent to which American authority extended out from shore. The Coast Guard picketed, tracked and trailed suspected rum runners, and disrupted the Rum Rows that developed off the coasts of American cities, but could not fully stop liquor smuggling.

Electronic Government at the American Grassroots

2011 ◽  
pp. 643-652 ◽  
Author(s):  
D. F. Norris
Keyword(s):  
Federal Government ◽  
Local Governments ◽  
Great Majority ◽  
The United States ◽  
General Purpose ◽  
Electronic Government ◽  
State Governments ◽  
Current State ◽  
Electronic Delivery ◽  
The U.S

During the past 10 years or so, governments in the United States have rushed to adopt and implement electronic government or e-government (defined as the electronic delivery of governmental information and services 24 hours per day, seven days per week, see Norris, Fletcher, & Holden, 2001). Today, the federal government, all 50 state governments (and probably all departments within them), and the great majority of general purpose local governments of any size have official presences on the World Wide Web through which they deliver information and services and, increasingly, offer transactions. In this article, I examine the current state of the practice of e-government at the grassroots in the U.S.—that is, e-government among American local governments. In particular, I address the extent of local adoption of e-government, including the reasons for adoption, the relative sophistication of local e-government, and barriers to and initial impacts of e-government.

The U.S. Federal Market as an Early Adopter of SMRs

2014 ◽  
Author(s):  
William J. Barattino ◽  
Scott Foster ◽  
James Spaulding
Keyword(s):  
Federal Government ◽  
Department Of Defense ◽  
Prime Power ◽  
The United States ◽  
Federal Agencies ◽  
Military Bases ◽  
Private Ownership ◽  
Early Adopter ◽  
Energy Usage ◽  
The U.S

The Federal Government accounts for about 2% of energy usage within the United States, with electricity accounting for approximately one-fifth of this usage. The Department of Defense (DOD) is the largest energy consumer across all Federal Agencies, accounting for nearly half of total use and has implemented programs to assure sustainable energy supplies for meeting mission critical operations. As prototype systems of Small Modular Reactors mature during the remainder of this decade, there is growing interest at senior levels of government to use the secure confines of military bases for electricity generated with SMRs to service power requirements of the DOD base and possibly the surrounding communities. This paper explores the potential for using DOD as an early adopter of SMRs from perspectives of the size of the market and adaptability of the current procurement process for private ownership of SMRs on military bases. Such an approach is shown to be consistent with DOD Sustainability objectives, as well as ensuring a continuation of the projected erosion of diversity mix for prime power generation within the U.S. A review of contract types for energy services are evaluated from the perspective of including SMRs. Required modifications for SMRs to be a part of this energy mix for Federal Agencies are presented.

scholarly journals The Function of Luxury: Visual and Material Abundance in Minoru Yamasaki’s U.S. Consulate in Kobe and Federal Science Pavilion in Seattle (1954–62)

Arts ◽  
2018 ◽  
Vol 7 (4) ◽  
pp. 65
Author(s):  
Joss Kiely
Keyword(s):  
World War Ii ◽  
Federal Government ◽  
Interwar Period ◽  
The United States ◽  
World's Fair ◽  
World War ◽  
Architectural Form ◽  
World Power ◽  
Global Exchange ◽  
The U.S

This article explores the visual abundance found in a number of early projects by Leinweber, Yamasaki and Hellmuth (LYH) and Minoru Yamasaki and Associates (MYA), which stands in stark contrast to the austere character of architectural form during the interwar period. Although Yamasaki received his architectural training in the 1930s, he was neither a true modernist, nor a fully postmodern architect. His aesthetic, and his firm’s work, lies in the interstices between these two distinct architectural moments, in company with contemporaries Edward Durell Stone and Paul Rudolph, among others. The work of these architects embraced a kind of visual and formal excess but stopped short of approaching the playful linguistic games of postmodern architecture. With themes of visual and material excess in mind, I examine two early commissions from the U.S. federal government that put into play ideas of global exchange, power, and extravagance in architecture as the United States emerged as a major world power in the aftermath of World War II, including the U.S. Consulate in Kobe, Japan (1954–1955) and the Federal Science Pavilion at the Seattle World’s Fair (1962).

Profit Shifting before and after the Tax Cuts and Jobs Act

2020 ◽  
Vol 73 (4) ◽  
pp. 1233-1266
Author(s):  
Kimberly A. Clausing
Keyword(s):  
The United States ◽  
Tax Revenue ◽  
Profit Shifting ◽  
Tax Base ◽  
Foreign Countries ◽  
Before And After ◽  
Corporate Profits ◽  
Jobs Act ◽  
The U.S ◽  
Tax Cuts

In recent years, profit shifting by multinational companies (MNCs) has generated substantial revenue costs to the U.S. government. The Tax Cuts and Jobs Act (TCJA) changed U.S. international tax law in several important ways. This paper discusses the nature of these changes and their possible effects on profit shifting. The paper also evaluates the effects of the global intangible low-taxed income (GILTI) tax on the location of taxable profits. Once company adjustment to the legislation is complete, estimates suggest that the GILTI tax will reduce the corporate profits of U.S. multinational affiliates in haven countries by about 12-16 percent, modestly increasing the tax base in both the United States and in higher-tax foreign countries. However, a per-country minimum tax would generate much larger increases in the U.S. tax base; a per-country tax at the same rate reduces haven profits by 23-31 percent, resulting in larger gains in U.S. tax revenue.

Ushering in the Millennium, Or How an American City Reversed the Past and Single-Handedly Inaugurated the End-Time

Prospects ◽  
1997 ◽  
Vol 22 ◽  
pp. 35-67
Author(s):  
Paul E. Chevedden
Keyword(s):  
United States ◽  
Federal Government ◽  
The United States ◽  
American City ◽  
Turn Of The Millennium ◽  
The Past ◽  
Major Significance ◽  
The World ◽  
To Come ◽  
The U.S

The story of millennialism extends down the ages from the ancient Near East to the present. In his seminal study on the origins of millennialism,Cosmos, Chaos and the World to Come: The Ancient Roots of Apocalyptic Faith, Norman Cohn exclaims, “What a story it has become!”Much theological speculation; innumerable millenarian movements, including those now flourishing so vigorously in the United States; even the appeal once exercised by Marxist-Leninist ideology – all this belongs to it. Nor is there any reason to think that the story is nearing its end. The tradition whose origins are studied in this book is still alive and potent. Who can tell what fantasies, religious or secular, it may generate in the unforseeable future?What fantasies, indeed!All scholars who have studied millennialism have investigated unsuccessful movements, or movements that have yet to succeed, that is, achieve the millennium. This essay explores a successful millennial movement, one that has already ushered in the messianic age. Although this achievement is restricted geographically — to a city — it is nonetheless of major significance. Not only did this millennial movement receive support from the U.S. federal government, but it also accomplished its goal prior to the turn of the millennium.

The Importance of Good Data

2010 ◽  
Vol 28 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Joanne Spetz
Keyword(s):  
United States ◽  
Federal Government ◽  
Health Resources ◽  
The United States ◽  
National Sample ◽  
Sample Survey ◽  
Future Research ◽  
National Sample Survey ◽  
History Of ◽  
The U.S

In 1977, the federal government launched the nation's largest and most significant program to collect data on the registered nurse (RN) workforce of the United States—the National Sample Survey of Registered Nurses (NSSRN). This survey is conducted by the U.S. Health Resources and Services Administration, first in 1977 and then every 4 years since 1980. This article offers the history of the NSSRN and a review of the ways in which the NSSRN data have been used to examine education, demographics, employment, shortages, and other aspects of the RN workforce. The influence this body of research has had on policymaking is explored. Recommendations for future research are offered, in the hope that future waves of the NSSRN will continue to be used to their fullest potential.

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