Still smarting from unprecedented losses in the wake of the Sept. 11 attacks, insurers are hoping that new terrorism risk models can help them to more accurately write coverage for any such future events.
The new computer simulation models are tapping into the knowledge of counterterrorism, weapons and security experts to yield results that will enable insurers to price such coverage based on likelihood of attack.
A key question being asked of such experts is what the United States can expect from terrorist groups like al-Qaida in the months and years to come. Some of these experts offered opinions at a recent press conference in New York, sponsored by Risk Management Solutions of Newark, Calif.
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