Homeland security guest address managing the risk of terrorism?

Summary form only given. The threat of terrorist attacks in the US continues to pose a risk to the insurance industry. In a sector where financial stability is the hallmark of leading firms, the need for complete portfolio management for terrorism risk is evidenced by major attacks. RMS has developed an extensive terrorism advisors network consisting of the world's leading authorities on terrorism risk for collaboration on the RMS terrorism model. The RMS/spl reg/ US Terrorism Risk Model provides a comprehensive analysis of terrorism risk in the US, quantifying risk from both foreign and domestic terrorist organizations. It supports multiline risk analysis for both certified and noncertified events causing property loss, business interruption, and workers compensation claims. Attacks are simulated using sophisticated models that analyze the impact of these weapons on property and people. Terrorism is a rapidly changing risk. RMS regularly assesses and reviews the risk environment, producing a periodic Terrorism Risk Briefing for clients and parameterizes the probabilistic model through the provision of Risk Outlooks. Clients are able to use alternative Risk Outlooks to perform sensitivity analyses and test risk management decisions under different assumptions for potential future developments.