Terrorism

Catastrophe models are for loss estimation and it’s critical they are validated to ensure reasonability.

September 11, 2001—9/11—is one of those dates so impactful that most people remember where they were.

Beirut was rocked by a huge and devastating explosion on August 2, 2020.

April 19 is the anniversary of the worst act of U.S. terrorism prior to the attacks on September 11, 2001.

With so many terrorist attacks around the globe, there may be a perception that the risk of terrorism is increasing. Whether this is the case or not is a hotly debated topic.

The details of what happened after the two bombings in Brussels on Tuesday morning are now well known, and the Islamic State (also known as ISIS, ISIL, or Daesh) has claimed responsibility for the attacks.

The World Economic Forum's Global Risk Landscape for 2016 makes for sobering reading.

The unprecedented terror attacks that occurred last Friday, November 13, impacted several locations across the city of Paris and undoubtedly began a new chapter in the fight against global terrorism.

Imagine you insure a set of locations spread out over an area. If you take a circle (radius of your choosing) and float it over a map of the region, at which point does it encompass the highest total accumulated exposure value? 

While the Terrorism Risk Insurance Act (TRIA) expired at the end of 2014, Congressional efforts to reauthorize TRIA have finally come together.