Management of the Extreme Events: Countering International Terrorism

After the terrorism attacks of September 11, 2001, there is recognition by both the public and private sectors that one needs to rethink our strategy for dealing with these low probability but extreme consequence events. September 11, 2001 attacks against the United States raised numerous questions related to counter-terrorism, foreign policy, as well as national security in the United States and abroad. They also raised the fundamental question of who should pay for losses due to terrorism. The question of who should pay for terrorism risk prevention and sustainable coverage within a country is likely to be seen first as a matter of collective responsibility that each country has to consider – a societal choice