Right to petition: The right to petition the government means that American citizens can ask for adjustments or changes in the government. Citizens can do this by collecting signatures for petitions and sending them to elected representatives.
Economic effects of terrorism. Terrorism imposes a significant economic effects on societies and will not only lead to direct material damage, but also to long term effects on the local economy. The identification and the estimation of these economic effects of terrorism has received broad attention in economic literature and research, especially since the events around 9/11.
The private market is growing under TRIA. With each extension, the insurance industryâs share of losses has increased and the federal governmentâs share has dropped. 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.