[20011207]RS21075_911事件后市场中的恐怖主义保险.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21075Updated December 7, 2001Terrorism Insurance in the Post September 11MarketplaceS. Roy Woodall, Jr.Insurance ConsultantGovernment and Finance DivisionSummaryThe insured losses from the terrorist attacks of September 11 are currentlyestimated to total as much as $70 billion, the largest insured catastrophic loss in history.Although the insurance industry has committed, and appears able, to pay losses resultingfrom the attacks, it has also warned that it would not be able to absorb such major lossesfrom terrorism in the future. The problem lies with the reinsurance industry throughwhich primary insurers can “lay off” or spread large risks. Reinsurers are saying thatdue to their inability to quantify, underwrite, or price for the escalation of terrorism risks,they will not accept them in future reinsurance contracts. Without this backupreinsurance capacity, primary insurers maintain that they have no choice but tospecifically exclude terrorist coverage in all of their future commercial insurance policies.There is a contention, however, over the terms of any federal