This paper investigates a corporation's risk management response to highly dynamic risks. Using a unique data set on the German terrorist insurance market, the paper tests whether corporate risk managers have a clear understanding of the probability distribution of highly dynamic risks or if...

In 2011, German police accidentally stumbled upon a previously unknown right-wing extremist group called the National Socialist Underground (NSU). Further investigations implicated the group in previously unexplained murders of mostly ethnically Turkish individuals and in other crimes targeting...

In 2011 a German right-wing extremist group was exposed in the media as having killed individuals of Turkish ethnicity in the early 2000. The press coverage highlighted the inability of authorities to name perpetrators sooner. Authorities were criticized for (alleged) institutional racism. In...