NU Online News Service, Aug., 2:07 p.m. EDT
Risk Management Solutions (RMS) said it has updated its terrorism risk model to include international cities of interest to the insurance industry.
The International Probabilistic Terrorism Model (PTM) now includes risks in the cities of London, Rome, Milan, Toronto, Montreal, Ankara, Istanbul, Dublin and Copenhagen. "The selection of cities is driven by a combination of terrorist activity levels and the concentration of high-value insured properties, such as skyscrapers, stadiums and Fortune 100 companies, which dictates market interest," said Maria Lomelo, director of Emerging Risk Solutions at RMS.
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