Terrorism treats have evolved over the years. In the past, they involved large orchestrated attacks by known organizations that plotted to cause massive property damage on marquee properties. As terrorist networks disperse, “lone wolves” now focus on soft targets, using hand-held weapons to cause mass casualties. Despite smaller scale events, losses remain extensive. In this […]

At the 2018 RIMS Annual Conference, Drew Olson from BDO USA LLP discussed insurance lessons from past terrorist attacks. The Boston Marathon Bombing shut down the city for a period of time, which resulted in over $333 million in economic damages to the city. One of the big insurance challenges for this was business interruption […]