Insurance for Acts of Terrorism

65 Pages Posted: 22 Aug 2008

See all articles by Robert J. Rhee

Robert J. Rhee

University of Florida Levin College of Law

Date Written: August 21, 2008


This is volume 32, chapter 191, Appleman's on Insurance 2d. This treatise chapter discusses insurance case law arising from acts of terrorism, including those arising from the September 11 attacks and pre-9/11 instances of terrorism. It analyzes the Terrorism Risk Insurance Act of 2002 (TRIA), as amended by the Terrorism Risk Insurance Act of 2005 and the Terrorism Risk Insurance Program Reauthorization Act of 2007. Among other things, it discusses coverage issues, including the problems of overbroad coverage and potential gaps. Lastly, policy considerations surrounding TRIA are discussed including insurance industry strategies, the difficulties of assessing terrorism risks, the effect of TRIA subsidized insurance on the market, and the benefits and problems such subsidized insurance engender.

Keywords: terrorism, federal reinsurance, terrorism risk insurance act, catastrophic risk

JEL Classification: G22, K00, K19

Suggested Citation

Rhee, Robert J., Insurance for Acts of Terrorism (August 21, 2008). Available at SSRN: or

Robert J. Rhee (Contact Author)

University of Florida Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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