| Many Americans have many more complaints
| |
| | FEMA, but the act is designed arrange a
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| with the American government and
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| | provisional program that makes sure both
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| politics, and how ill-prepared the
| |
| | citizens and insurance companies are
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| government was for helping American
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| | prepared - as prepared as can be - in the
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| citizens before, during, and after
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| | event of a terrorism attack. TRIA does
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| Hurricane Katrina struck is only one
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| | this by guaranteeing that the federal
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| example. However, it is apparent that
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| | government will share the costs of losses
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| the American government and the politics
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| | due to terrorism attacks with insurance
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| that surround it are not just sitting
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| | companies. This helps ensure that
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| around waiting for the next disaster to
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| | insurance companies will not, for lack of
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| strike - they have been making
| |
| | better terms, run out of money. It also
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| preparations, and not just for natural
| |
| | helps ensure that American citizens
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| disasters such as hurricanes.
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| | provided with the help they needs, as
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| Natural disasters are not the only
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| | well as be compensated for their losses.
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| emergencies in which organizations have
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| | Insurance companies were not adequately
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| been founded to help citizens when
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| | prepared for the financial losses that
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| insurance policies are nonexistent, or
| |
| | resulted from the September 11, 2001
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| not enough; organizations such as the
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| | terrorist attacks, and had to rely
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| Federal Emergency Management Agency,
| |
| | heavily on reinsurers, companies that
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| better known as FEMA, have stepped in and
| |
| | make available insurance to insurance
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| helped during troubled times. However,
| |
| | companies, to help pay the cost of
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| past terrorist attacks, and present risks
| |
| | damages. Now that TRIA is in effect,
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| of terrorist attacks, have prompted the
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| | insurance companies are at less risk for
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| federal government to get involved and
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| | being inadequately funded. Plus, the
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| pass the Terrorism Risk Insurance Act,
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| | time it takes to underwrite an insurance
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| also known as TRIA.
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| | policy is reduced since the losses have
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| TRIA may not be an organization like
| |
| | been reduced.
|
