Of the total 10 listed terrorism risk pools of selected countries, 4 were created before September 11, 2001. These include terrorism risk pools from Israel (1961), Spain (1941), South Africa (1979), and United Kingdom (1993).

The oldest terrorism risk pool – the Consorcio de Compensacion de Seguros (CCS) – was established in Spain in 1941. The reason for creating a risk pool was in order to respond to losses related to the Spanish Civil War (1936 – 1939). This risk pool consequently covers extraordinary risks including natural events, events violently caused as a consequence of terrorism, and actions of armed forces during peacetime. The early establishment of such an institution was closely related to separation forces within Spain which subsequently caused various acts of terrorism and civil unrest / riots.

The South African Special Risks Insurance Association (SASRIA) was created in order to insure or reinsure against losses or damage to property directly related or......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Terrorism Risk Pools
Approximate Word Count: 450
Approximate Pages: 2 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Terrorism Risk Pools, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!