The Manager’s Guide to Terrorism, Risk, and Insurance

The Manager’s Guide to Terrorism, Risk, and Insurance

Essentials for Today’s Business

David J. Smith, MSM, CPCU, Mark D. Silinksy, MPhil (Oxon.), Ph.D, Kristen Noakes-Fry, ABCI


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As a manager, you’re aware of terrorist acts, are considering the risks, but sense that you need more background. How might terrorism occur? How is it part of risk and threat planning? What insurance strategies might protect your company from financial loss? In a few short chapters, The Manager’s Guide to Terrorism, Risk, and Insurance: Essentials for Today’s Business fills in the blanks for you.

What does it take to weigh the likelihood of a terrorism exposure and protect all the assets of your company? The answer to this question involves understanding the nature of terrorists and their behavior, evaluating the risk of potential damage and business interruption, and exploring ways to use insurance – such as programs covered by the US Terrorism Risk Insurance Act – to protect against severe financial harm.

Authors of this book, David J. Smith and Mark D. Silinsky, give you the benefit of their decades of professional experience in risk management, insurance, physical and cyber security, and anti-terrorism.

Topics covered will help you to better understand:

  • Characteristics that could make your company the target of terrorism.
  • The most costly terrorist acts that have brought about fatalities and insured property loss. .
  • How to anticipate the probability of maximum loss and foreseeable loss from terrorism. .
  • The psychological picture of the typical terrorist – the warning signs and pre-attack indicators. .
  • Tactics used by terrorists, such as bombings, assassination, and kidnapping. .
  • Safety measures to be used by employees in the office and as they travel. .
  • Practical steps for loss reduction from a variety of terrorist-related threats. .
  • Insurance options to protect against financial loss from destructive terrorist acts, kidnap and ransom, and cyber attack and exposure.

Case studies and discussion questions are provided to speed your understanding of the material. Importantly, since the book has been extensively researched, the authors provide a wealth of resources that you can consult as you dig deeper into this complex topic.


David J. Smith, MSM, CPCU:
David J. Smith, MSM, CPCU

In 2008, David retired after a 44-year career as an Agent, Senior Underwriter, Product Development Specialist, and Market Intelligence Analyst with the Erie Insurance Group. He is also a retired US Army Military Intelligence Officer who maintained this concurrent career for 22 years. He held Army qualifiers as both Combat Intelligence Officer and Strategic Intelligence Officer. After his retirement, he became the Director of the Risk Management and Insurance Program at Gannon University, where he continues to manage this program. David received a B.A. in Political Science from Gannon College in 1970 and an M.S.M. from the American College in 1995. He received his Chartered Property and Casualty Underwriter (CPCU) designation in 1977 and a graduate diploma from the US Army Command and General Staff College in 1990.

Mark D. Silinksy, MPhil (Oxon.), Ph.D

Mark is a 33-year veteran analyst of the US Department of Defense, an adjunct professor at the US Army War College, and an affiliate professor at the University of Haifa. He has served as a Foreign Area Officer (FAO) for Eurasia, Russian language; an Africa analyst for the Defense Intelligence Agency; an action officer for the Joint Staff, J5; and a research fellow in the Exceptional Analyst Program. He graduated Phi Beta Kappa from the University of Southern California; received an MPhil in international relations from Oxford University, under the supervision of Sir Michael Howard; and took a Ph.D. in international development from Tulane University. He was graduated from the National Intelligence University, the Naval War College, and the National Defense University. He is the author of The Taliban — Afghanistan’s Most Lethal Insurgent Group, Praeger Press, 2014, and Black Flag over Babylon — The Islamic State and the West, Indiana University Press (expected publication, late 2016).

Kristen Noakes-Fry, ABCI, is Executive Editor at Rothstein Publishing. Previously, she was a Research Director, Information Security and Risk Group, for Gartner,Inc.; Associate Editor at Datapro (McGraw-Hill); and Associate Professor of English at Atlantic Cape College in New Jersey. She holds an M.A. from New York University and a B.A. from Russel Sage College.