ABSTRACT

Terrorism Threats and the Insurance Market, Joint Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services and the Subcommittee on Intelligence, Information Sharing, and Terrorism Risk Assessment of the Committee on Homeland Security, U.S. House of Representatives, One Hundred Ninth Congress, Second Session, July 25, 2006   [open pdf - 8MB]

This is the July 25, 2006 hearing on "Terrorism Threats and the Insurance Market," held before the U.S. House of Representatives Committee on Financial Services and the Committee on Homeland Security. From the witness testimony of Christopher M. Lewis: "Thank you for the opportunity to appear before you today to discuss the challenging issue of managing the cost of terrorism in the U.S. economy. My goal today is to provide perspective on the difficulties faced by the insurance industry, as financial intermediaries helping companies to pool and manage risk, including the risk of terrorism. My main observations are that terrorism is inherently a public risk, that terrorism is a challenging risk to understand and manage in the private markets, and that the risk of terrorism cannot be managed solely within the confines of the private sector but only in partnership with the federal government." Statements, letters, and materials submitted for the record include those of the following: Jeffrey D. DeBoer, Terry Fleming, Christopher M. Lewis, and Peter Ulrich.

Report Number:
Serial No. 109-111; Serial No. 109-93
Publisher:
Date:
2007
Copyright:
Public Domain
Retrieved From:
Government Printing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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