The bombing at the Boston Marathon—the first successful, high-profile terrorist attack in the U.S. since 9/11—could impact the terrorism insurance marketplace, specifically event cancellation coverage.
Gordon Woo, catastrophist specializing in the mathematical aspects of catastrophe insurance risk modeling for Risk Management Solutions, tells PC360 the bombing is "bound to have an impact on event cancellation."
"The threat has always been there since 9/11; this is part of the risk everyone faces in the modern day," says Woo (pictured at left).
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