Insurance industry prepares for Olympics red alert
The insurance industry has been warned to prepare for every eventuality, including a terrorist attack, in the lead up to the Olympics in 2012.
Speaking at the Chartered Insurance Institute's (CII) recent Spotlight on the London market event, Steve Atkins, chief executive at Pool Re, said there was no guarantee a terrorist attack would not take place as experts cautioned that London was a prime target and it was "a matter of when, not if".
He added that it would be extremely difficult to forecast the impact of a terrorist attack or the form it could take.
"Significant low-frequency events stats are very problematic. They are not random
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