It may be a disappointing sign of the times, but terrorism insurance has rapidly emerged as one of insurance’s hottest products in recent years – and now it has made an important breakthrough.
Economic Secretary to the Treasury John Glen has today announced that the Government intends to legislate to allow Pool Re to extend its terrorism insurance scheme to include non-damage business interruption insurance – something that was previously only offered by certain independent terrorism insurers, such as Beech Underwriting.
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