Scariest Terrorism Risk: ‘Nuf Said

The Scream, by Edvard Munch (1893)Terrorism remains a fundamental risk management challenge in its unpredictability from the perspective of frequency, mode of attack and target. Terrorists have used planes, mail bombs, anthrax, printer cartridges, shoes and underwear among other techniques to pull off attacks in places as disparate as Oklahoma CityMadrid and Sri Lanka.

Companies are tempted to ask, Why would my company be a target when there are so many others in high-profile industries or regions? Ask the residents of Oklahoma City. Or Atlanta. Or an island in Norway.

Terrorists have many guises — not just the religious extremist, but the environmentalist protecting migratory bird flight paths, the radical anti-government protestor, or the one opposed to controversial research at a medical facility.

Terrorism will not disappear -– it will just adapt as needed to make its powerful message heard

This post was part of the special feature about Our Scariest Risks, published October 31, 2011. The feature also included these other risks:
Aerospace
Captive Insurance
China
D&O
Employee Benefits
Energy
Environmental Liability
ERM
Financial Services
FINEX
Global
Health Care
Middle East
Mining
Power
Real Estate
Reinsurance
Renewables
Supply Chain
Terrorism
Trade Credit

About Wendy Peters

Wendy is a Executive Vice President of Willis’ North American Terrorism Practice. Based in Radnor, Pennsylvania, …
Categories: Terrorism

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