A SQUARE :: 05Sep07 How do models for natural catastrophes differ from those for terrorism catastrophes?
Category
Insurance
Faculty
Peter Ulrich
Expertise
Insurance Special
Author
Sona Blessing
A common misconception is that there is very little data with which to build a US terrorism model due to the fact there have only two major successful jihadist attacks on US soil (1993 World Trade Center bombing and the 9/11 attacks). However, RMS has collected a significant body of data for use in building a terrorism model for the US.