Research Areas
The Center will provide research to inform public and private decisionmakers on economic security in the face of the terrorism threat:
- Terrorism risk insurance. Studies will examine the insurability of terrorism risk and inform the Congressional debate about whether to renew or amend the Terrorism Risk Insurance Act (TRIA) in 2005.
- Terrorism liability. Studies will examine the complex issues of liability, including the problems that may emerge if chemical, biological, or radiological attacks occur in the future.
- Compensation. Studies will examine whether an administrative system can be designed for future terrorist attacks and look for lessons from the approaches to compensation adopted in other countries.
- Security. Research on security will help protect critical infrastructure and improve collective security in rational and cost-effective ways.
- Terrorism risk management. Research will improve the mathematical models, now in their infancy, for developing risk management tools for terrorist attacks.
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