Catastrophe risk modeling firm AIR Worldwide released an update to its terrorism model for the United States. The model, which is used by insurers and reinsurers to assess potential losses to property and workers’ compensation risks, reflects less-frequent and lower severity attacks, based on a reassessment of the threat by a team of terrorism experts.
The team considered recent studies published by the intelligence community, such as the 2010 study by the New York State Intelligence Center, which examined 32 terrorism plots (since 9/11) against the United States and compared the risk to various target types, says AIR.
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