Rudolph Guliani speaks on terrorism risk

Former Mayor of New York, Rudolph Guliani, in a speech to the attendees of the World Insurance Forum in Bermuda, said that the insurance industry must help the private sector to address the issues of security and business continuity in order to be ready for any other terrorist attack. He said that the way products are structured and policies set up could play a key role in ensuring businesses are prepared – with the probability that they will be the target for terrorism. “There was no way to prepare for the events of September 11 2001,” he commented, “but now we have to be prepared for the imaginable – if it happens again there will be no place for the shock we had to deal with last time.”

However Mr Guliani, who as the New York Mayor at the time of the World Trade Centre attacks became a figurehead for the city in the aftermath, said that people should feel less at risk now than