In the wake of apparent terrorist bombing attacks on the London transportation system, one extreme-risk modeling firm is pointing out that, given recent history, an attack on London was not entirely unexpected.
"I'm not the CIA or the State Department," cautioned Tom Larsen, senior vice president of EQECAT Inc., based in Oakland, Calif., "but we've seen so many threats going on [against] London and there have been a number of [terrorist-related] arrests there, pretty much continuing since 9/11."
As to how this attack changes the picture for risk modelers, Mr. Larsen notes that, given the existing risk climate before the bombings, "it's inconclusive right now to say that the risk has really changed. It was there; now we've just realized one of the potential outcomes."
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