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Code § 2656f, “terrorism” is “premeditated, politically motivated violence perpetrated against noncombatant targets by subnational groups or clandestine agents.” Code § 2331, “terrorism” (whether foreign or domestic) includes any acts that are dangerous to human life in violation of the law and are intended to intimidate or coerce a population, influence governmental policy, or affect the conduct of a government. What is “terrorism”?ĭefinition of terrorism: There does not currently exist a single, universally-accepted definition of “terrorism”. And terror attacks involving chemical, biological, or cyber weapons could reach catastrophic proportions. Terrorist attacks are also a major threat to the insurance industry, posing the possibility of significant loss of life, injury, and property destruction.

Besides the tragic loss of human life, the economic costs of terrorism are immense: increased security and anti-terrorist expenditures, consumer and investor uncertainty, supply chain and business continuity disruptions, industry retrenchment – all and more can have negative impacts on economic growth.

Act of war direct action ea access error