Whether the reasons are economic, psychological, or social -- or some combination thereof -- terrorism has been an entrenched part of human activity since ancient times.
By Barrett A. Evans,CPCU,AIC|October 06, 2010 at 08:00 PM|The original version of this story was published on Claims Magazine
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Thankfully, there have been no major terrorist events on American soil since the tragic events of September 11th nine years ago. However, it is difficult to determine how indicative this experience will be of future events. As we are reminded every time we go to an airport, Homeland Security still regards the risks on domestic and international flights to be high. Conservative watch groups like the Heritage Foundation claim that at least 30 terrorist plots have been foiled since September 11th—and that only the highest degree of vigilance will continue to keep terrorism at bay. The difficult job of terrorism risk management can sometimes appear to be mired in subjectivity, often without benefit of the solid actuarial data or predictable loss histories that are so much a part of the assessment of other areas of risk.
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