NU Online News Service, May 2, 12:02 p.m. EDT
*Updated May 3, 9:05 a.m. EDT with David Guest Comment
The death of Osama bin Laden is good news to insurers—and to the U.S.—due to the manner in which operatives cornered the Al Qaeda leader, but by no means should it promote a dropping of the guard in the industry, says Gordon Woo, a catastrophist with Risk Management Solutions (RMS).
“Insurers should be able to understand that the process is working. There is a method to it. There is no luck involved,” says Woo from the catastrophic-risk-management firm's London office.
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