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The Effects Of Terrorism On The Insurance Sector

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  • MARIUS GAVRILETEA

    ()
    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

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    Abstract

    Nowadays worldwide is exposed to terrorism risk. The attacks from September 11th 2001, the incidents from Madrid and London have shown us that even if one have a performant security sistems and preventention measures in place, terrorism risks can not be entirely eliminated. Worldwide economy is in decline as many time as the terrorist atacks occurred. As a management solution, companies can use insurance products. All these negative events determine the insurers and reinsurers to reconsider the entirely procedure of partial or total of catastrophic coverage, including terrorism.

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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_1_2008.pdf
    File Function: Revised version, 2008
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    Bibliographic Info

    Article provided by Babes-Bolyai University, Faculty of Business in its journal JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA.

    Volume (Year): (2008)
    Issue (Month): ()
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    Handle: RePEc:bbn:journl:2008_1_7_gavriletea

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    Keywords: earthquake; floods; insurance; risk management; compulsory;

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    1. Uri Ronnen, 1991. "Minimum Quality Standards, Fixed Costs, and Competition," RAND Journal of Economics, The RAND Corporation, vol. 22(4), pages 490-504, Winter.
    2. Sanna-Randaccio, Francesca, 2002. "The Impact of Foreign Direct Investment on Home and Host Countries with Endogenous R&D," Review of International Economics, Wiley Blackwell, vol. 10(2), pages 278-98, May.
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