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Hotel terror attacks inspire need for actuary data

Accurately analyzing risks for hotel terrorism underwriting is critical, especially in todays increasing threat environment.

By Jeff M. Moore with Tim Hill | Updated on January 22, 2015
Security guards man a gate outside the bombed Ritz-Carlton hotel in Jakarta, Indonesia in 2009. Seven people were killed and more than 50 wounded. (AP Photo/Achmad Ibrahim)

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.

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