July 07, 2005

OECD Report on Terror Insurance Coverages

The Organisation for Economic Co-operation and Development has released an extensive report on the availability of insurance coverage against terrorism. According to its abstract, the report finds that private sector insurance capacity is still limited and what is offered is not widely taken up by insurnce buyers. It cites estimates of $50 billion to $250 billion as potential maximum losses from a "mega terror" attack like that of September 11. It suggests possible changes in tax and accounting laws may be helpful, as well as public-private partnerships.

The report is offered for sale as a printed document or e-book, but journalists are invited to request copies.

OECD countries warn of continuing shortfalls in insurance coverage against terrorism


Posted by dougsimpson at July 7, 2005 04:59 AM