Is Terrorism An Insurable Risk?

Terrorism is a major threat to national and global security that encompasses more than violent means by foreigners and Islamic extremists. This is mainly because most of the recent terror acts in America have been carried out by single-issue individuals and special-interest extremists with the intention of protecting the environment and animals based on their beliefs. Actually, terrorism is described as the illegitimate use of extreme violence and force with the intention of coercing a

The terms terrorism and domestic terrorism are very similar concepts. There are, however, slight differences in each. Entities that are apart of the Government have slightly different ways of explaining what they believe to be the correct definition of terrorism and domestic terrorism. In this paper the author will offer definitions of the two terms and state which one they agree with the most. The author will also state how the two terms are best differentiated.

This paper is aimed at outlining the events of the Terrorist attack against America, the results and actions taken by the United States Government in retaliation to the attacks. There is no way to legitimize terrorism, although deeply rooted in religion; there can never be a valid excuse to victimize innocent people. Terrorism is never easily defined and many individuals have an obscure idea of what it really is. Terrorism is a premeditated act of violence, geared at bringing about political change by intimidation; it is disruptive in nature and is intended to have an impact outside of its intended targets. Acts of terrorism are responsible for thousands of deaths, increased security measures and negative impacts to the budgets of many countries including America.

As a result of the 9/11 attacks Canada 's counter-terrorism strategy was no longer considered to be sufficient to adequately manage the real or perceived risk of terrorism. This was of particular concern due to the threat of an insecure northern border that was perceived by the U.S. This caused Canada to significantly change its approach to terrorism related risk management. The essay will examine how the events of 9/11 have impacted Canada’s approach to terrorism related risk management. While Canada made many changes, the essay will examine this in terms of: the introduction of stronger anti-terrorism legislation, a fundamental reorganization of the federal bureaucracy and a move towards all hazards emergency management.

“If, as m any expect, allowing the program to expire causes a sharp decline in the number of businesses with terrorism coverage, we find that the federal government could spend billions more in disaster assistance after an attack than it would with the program in place” (“Extending terrorism insurance,” 2014). Act creates an incentive for a functioning private terrorism insurance market through the promise of government support for losses that exceed a specified amount (“Extending terrorism insurance,” 2014). The analysis finds that in a terrorist attack with losses up to $50 billion, the federal government would spend more helping to cover losses than if it had continued to support a national terrorism risk insurance program (“Extending terrorism insurance,” 2014). Federal spending after future terrorist attacks on the United States may be higher if the nation’s terrorism risk insurance program is allowed to expire, according to a new RAND Corporation study (“Extending terrorism insurance,” 2014). Congress reacted by passing the Terrorism Risk Insurance Act, which provides an assurance of government support after a catastrophic attack (“Extending terrorism insurance,” 2014). Congress reacted by passing the Terrorism Risk Insurance Act, which provides an assurance of government support after a catastrophic attack (“Extending terrorism insurance,” 2014). Without the program, terrorism insurance would become less available and more attack losses would go uninsured,

However, the deaths are not the only loss the 9/11 attacks created but the economic costs were also a significant blow to the United States. The direct cost losses being related to the damage caused by the destruction of the buildings include but are not limited to; the loss of the four civilian aircrafts with a value of $385 million, the replacement cost for the destruction of the buildings amounting to $4.5 billion, $10 to $13 billion of property and infrastructure damages, a loss of 17$ billion in lost waged and direct job losses along with considerable losses exceeding $45 billions in insurance industry and traffic revenue (Institute for the analysis of Global security). But the damages don’t cease there. In fact, according to the report published by Watson Institute for International Studies of Brown University, the US governments’s

Terrorism is one international political issue that has been significant in US society since the end of the Cold War. Since the attacks of September 11, 2001, America’s sense of security has been destroyed and continued terrorist attacks in other parts of the world targeting Americans, as well as other allied nations further fuels a sense of anxiety. From Bin Laden, to Saddam Hussein and ISIS the fear of further terrorism attacks is

Terrorism is a big threat people in the world face today. Terrorism is defined by Cindy Combs as “a synthesis of war and theater, a dramatization of the most proscribed kind of violence - that which is perpetuated on innocent victims - played before an audience in the hope of creating a mood of fear; for political purposes.” In other words an act of terrorism is not for mass casualties but rather for attention. Terrorist seek an audience. They would rather kill one person and have the whole world see it than kill a whole city and no one knew about it. Through attention they believe they can create a fear in us the people. If the people are scared the government

This paper will be focused on a terrorism security policy for large events. This paper will also include statistical, factual, and public opinion history information which will support my policy claim. All stake holders such as: politicians, judges, prosecutors, defense attorneys, correctional officers and administrators, law enforcement officers and administrators, victims, law-abiding citizens, will be included in this paper. Furthermore, their opinions as their opinion relates to my proposed policy and how politics may impact my policy implementation. Additionally, I will provide policy recommendations and the rationale for these

This article focuses on data of international terrorism compiled by institutions such as the RAND Corporation, the Memorial Institute for the Prevention of Terrorism (MIPT) and International Terrorism Attributes of Terrorist Events (ITERATES). The purpose of the article is to seek the answer for the following questions: Has there been an increase in the raw number of international terrorist incidents over time? Secondly, have individual acts of international terrorism become more violent over time? Thirdly, has the frequency (annual number) of lethal international terrorist incidents (a lethal incident is defined as leading to at least one death) itself increased over time? And fourthly, what patterns other than time dependence (or independence)

Throughout many readings we have seen the Department of Homeland Security has many different aspects and also has multiple ways of assessing different risk that come out in your everyday lives. Many people in their lives will never look at these risk because you don’t normally see these risk; it is something you notice if you have a keen eye or else a high level of attention to detail. The basic equation for risk is defined as R = ƒ(C*V*T) where R is the level of risk, C is the consequences (public health, our economy, government action, public confidence in our institutions) of an attack, V is an assessment of the vulnerability of a potential target (how hard or easy it would be for it to be hit by terrorists) and T is the threat or the likelihood

On the 11th of September 2001 terrorists carried out suicide attacks on American soil. They killed over 3,000 people and shocked the world as people never really thought of the magnitude of the attacks and in particular the location of the attack, America where risk is calculated and anticipated. These events shed a light of a debate whether risk is an objective phenomenon whose probability can always be calculated, or it is subjective/dynamic phenomenon which is constantly constructed and negotiated.

As defined by GAO, Risk Management is a systematic process to consider the likelihood that a threat will endanger an asset, individual, or function, and to identify actions to reduce the risk and mitigate the consequences of an attack. (Decker 2002, pg.1) At the end of that definition are two words that define what we face when it comes to terrorism. Some will argue that an attack on the homeland is inevitable and yet others will argue that such an attack is preventable. What is undeniable is that the risk of an attack cannot be completely eliminated. Even the best prevention efforts and methods will only reduce risk and mitigate consequences. As difficult as it for terrorist groups to carry out plans and ultimately attacks on their

Terrorism is a word have been echoing all around the media for a while, putting a little bit of fear, or in other words caution, in our hearts every time we hear it. United Nations General Assembly defined it as, “ Criminal acts intended or calculated to provoke a state of terror in the general public, a group of persons or particular persons for political purposes are in any circumstance unjustifiable, whatever the considerations of a political, philosophical, ideological, racial, ethnic, religious or any other nature that may be invoked to justify them.” And the definitions varies to identify an issue that the world been trying to find a radical solution to, but terrorism seems to be more complicated than the way we see it. “Super Freakonomics” is a book written by Steven D. Levitt and Stephen J. Dubner; they discuss how to apply economical approach to world-class issues in order to get a better understanding of it, and terrorism is one of those issues. While the terrorists threat is increasing upon our countries, governments

In most cases investigative work must take place before such crimes can be determined to be an act of terrorism. In more modern ages it has become significantly easier to figure out what crimes are acts of terrorism. Through statistical analyses one can see that the number of crimes related to terrorism have slightly decreased by approximately 13% ((Department Of State, 2016). It is important to understand statistics related to terrorism to better understand the crime rate. For many people in the United States an act of terrorism may be a surprise compared to other areas of the world where terrorist attacks occur more frequently. The main factor that must be taken into consideration is the perspective that people in the area