United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-09-25 monographic deposited born digital 41 p. GA 1.13:GAO-06-1081 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-1081 P0b002ee18038f755 f:d061081 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-06-1081 machine generated eng fdlp REPORT GAOREPORTS-GAO-06-1081 GAO-06-1081 Biological weapons Chemical weapons Insurance Insurance companies Insurance losses Insurance regulation Nuclear weapons Prices and pricing Property losses Risk management Terrorism Other Written Product A61444 Terrorists using unconventional weapons, also known as nuclear, biological, chemical, or radiological (NBCR) weapons, could cause devastating losses. The Terrorism Risk Insurance Act (TRIA) of 2002, as well as the extension passed in 2005, will cover losses from a certified act of terrorism, irrespective of the weapon used, if those types of losses are included in the coverage. Because of a lack of information about the willingness of insurers to cover NBCR risks and uncertainties about the extent to which these risks can be and are being insured by private insurers across various lines of insurance, GAO was asked to study these issues. This report discusses (1) commonly accepted principles of insurability and whether NBCR risks are measurable and predictable, and (2) whether private insurers currently are exposed to NBCR risks and the challenges they face in pricing such risks. GAO collected information from and met with some of the largest insurers in each line of insurance, associations representing a broader cross section of the industry and state insurance regulators. GAO makes no recommendations in this report. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-1081/html/GAOREPORTS-GAO-06-1081.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-1081/pdf/GAOREPORTS-GAO-06-1081.pdf GAO-06-1081 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-1081 Other Written Product GAO-06-1081; Terrorism Insurance: Measuring and Predicting Losses from Unconventional Weapons Is Difficult, but Some Industry Exposure Exists; Biological weapons Chemical weapons Insurance Insurance companies Insurance losses Insurance regulation Nuclear weapons Prices and pricing Property losses Risk management Terrorism Volume 71 Page 576 71 Stat. 576 Volume 116 Page 2322 116 Stat. 2322 Volume 119 Page 2660 119 Stat. 2660 Public Law 85-256 Public Law 107-297