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"France Télécom and Vivendi were big disasters".
They failed to perceive how tightly linked global networks can transform small events into big disasters.
"After big disasters there are windows of opportunity," says Michael Berkowitz, the 100RC president.
These risks are not just for big disasters, but for the disasters that could end history.
Reinsurers, the firms that insure insurers against really big disasters, were particularly badly hit; capital markets swooped in to provide capacity.
Only good luck, it says, and a shrinkage of the pool of "professional" bomb-makers due to earlier assassinations, has averted big disasters.
Similar(22)
It generally ends up a big disaster.
That would be a really big disaster.
"It's a big disaster," he said.
I'm waiting for the big disaster".
Nothing!" Mr. Khan said it was a big disaster.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com