Dec. 22, 2013, in Danok, Thailand. The town is packed with Chinese Christmas revelers from Malaysia. Local hawkers tell police there's something suspicious about the pickup truck parked in front of the Oliver Hotel. They ignore it, however, chalking it up to a tourist that had hastened into the lobby for a quick errand.
The truck explodes, killing two people and wounding 40. The cost of the damage tops at least $2 million.
A rare occurrence? Not these days. Global terrorism is on the rise, and attacks on hotels are becoming more common. Moreover, they've put the hotel insurance industry increasingly on guard. But what to do? The problem seems overwhelming. One solution is for underwriters to adopt hotel attack actuary data to help more clearly define risks and improve policy writing.
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