On November 2, 2007, Lloyd's 360 Live Debate in New York welcomed leaders and decision makers from the business, insurance, government and academic communities to debate the threat of terrorism and political violence to global business. Lloyd's, which insures 93% of the Dow Jones and 92% of FTSE100 companies, launched the 360 Risk Project series six months ago to better prepare businesses for changing terrorism and political violence risks, including home-grown terrorism, and to do more to tackle the causes of terrorism rather than merely dealing with the symptoms.

According to Lord Levene, Chairman of Lloyd's, three of the findings uncovered by the 360 Risk Project are:

• The majority of the world's CEOs believe that the business community is now as much at risk from political violence as government, but only one in three feel they fully understand the risks involved for their companies.
• Only one in three people agree that we have learned enough from events like 9/11 in the U.S. and the 7/7 bomb blasts in London to be better prepared next time.
• The overwhelming majority of business executives in the UK say home-grown terrorism is a significant emerging risk for business and is the biggest security threat facing the UK.

At the 360 live debate, a panel discussed nuclear coverage under TRIA. The general consensus was that it should not be included, given the size and scope of the losses from the detonation of a nuclear device. Moreover, the cost of such a policy would be out of reach for many. It was pointed out that workers' compensation would handle claims resulting from a nuclear attack.

For further information on the 360 Live Debate New York, see http://www.lloyds.com/News_Centre/360_risk_project/Terrorism_and_political_risk/360_live_debate_New_York/360_live_debate_New_York.htm