A unit of the Wharton School at the University of Pennsylvania has prepared a study which concludes that government has a role and responsibility to collaborate with the private sector and provide protection against terrorism losses.
The study was prepared by the Risk Management and Decision Processes Center of the Wharton School. The report, released yesterday, is titled "TRIA and Beyond: Terrorism Risk Financing in the U.S."
Release of the study came as the Republican majority in Congress and the Bush administration are making efforts to wean the insurance industry away from the government's backstop for terrorism risk insurance.
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