Iraq has continued working on its L-29 unmanned aerial vehicle (UAV) program, which involves converting L-29 jet trainer aircraft originally acquired from Eastern Europe.
Officials said they feared that the Administration, which had largely abandoned hope that the United Nations weapons inspections would be allowed to resume in any meaningful way, was left with the worst of all scenarios: an ineffective inspection program, President Hussein still fully in charge, and a large American military force in the Persian Gulf without a clear mission."
The letter, which appeared on the paper's front page, was written by Iraqi intelligence and discussed an intention to meet with Ayman Al-Zawahiri in order to examine a plan drawn up by the Iraqi presidency to carry out a "revenge operation" in Saudi Arabia.
Government Officials Were Substantiated By Intelligence Information." Among the conclusions (page 71), it reported that public statements by government officials that Iraq (prior to the war) provided safe haven for Abu Musab al-Zarqawi and other al-Qaida related terrorist members was substantiated by intelligence assessments.
On April 3, 1990, four months prior to the invasion of Kuwait, the Los Angeles Times , "Iraqi President Saddam Hussein declared Monday that his military machine has nerve gas and the means to deliver it, threatening to destroy 'half of Israel' if it attacks Iraqi targets." The LA Times also reported that, the week prior, five Iraqi agents were arrested in London attempting to smuggle nuclear triggering devices to Baghdad.
Under the 2007 amendment, to be covered by the federal program, an act of terrorism must be committed by individuals acting as part of an effort to influence the policy or conduct of the United States. The law also requires that the act be certified by the Secretary of the Treasury in concurrence with the Secretary of State and the Attorney General. Insurers do not pay the federal government for this reinsurance coverage. A single terrorist act must cause aggregate losses in excess of $5 million to be certified under TRIA.
How TRIA Functions: The Terrorism Risk Insurance Act and its extensions authorized the creation of a federal reinsurance plan, which is triggered when insured terrorism losses exceed a predetermined amount. The program, a sharing of losses between the insurance industry and the federal government according to a preset formula—a type of reinsurance—has enabled the commercial insurance market to function, even though the threat of terrorism remains.
As outlined above, the 2007 extension of the law essentially maintained the prior TRIA structure but made several significant changes. In addition to extending the law for seven years rather than two as in previous renewals, the new law added domestic terrorism to acts defined as terrorism—the original legislation covered only acts committed by foreign terrorists. The longer renewal period reduced the uncertainty for long-term commercial projects that there would be coverage for damage caused by terrorism. The bill also provided for prorated payments by insurers when losses approach or exceed the $100 billion cap and requires periodic reports to Congress by the President’s Working Group on Financial Markets.
Still the potential for countless lives being lost in an aircraft accident from the actions of a terrorist or terrorist organization is still very real and innocent families across this nation and abroad remain the targets.
Payment of TRIA Losses Above $100 Billion: The 2007 law included a provision that requires the U.S. Department of the Treasury to establish a process for the allocation of pro-rata payments in the event that terrorism-related insured losses exceed the federal government’s annual $100 billion program cap. The law states that no insurer may be required to make any payment for insured losses in excess of its deductible and its share of insured losses.
In return for the federal backstop, commercial insurers must make terrorism coverage available and conspicuously state the premium charges; policyholders may, of course, reject the offer and choose to mitigate this class of risk in other ways. In offering terrorism coverage to their policyholders, commercial insurers must make it available on the same terms and conditions as they offer in their non-TRIA coverage.
Global Terrorism research paper example: As we all know, terrorism is by no means new phenomenon, as it first appeared with the dawn of the recorded history.
The Terrorism Risk Insurance (Extension) Acts (TRIEA): Congress passed an extension of the 2002 Act at the end of December 2005. The legislation extending the Act to December 2007 greatly increased the portion of the loss insurers would pay in the event of a terrorist attack. Another extension was passed by Congress in January 2015.