Insurers to set own terrorism rates from 1 January 2003
Commercial property clients face hefty price increases for terrorism insurance from 1 January 2003....
Commercial property clients face hefty price increases for terrorisminsurance from 1 January 2003.
The arrangement set up by Pool Re and the government ends on 1 January,
meaning insurers will set their own rates from that date. Pool Re is
acting as reinsurer for the insurers which take part and which will have
to pass on the reinsurance premium to customers. Insurers will also have
to include cover for terrorist attacks on nuclear power stations from 1
January, a cover the government sought to
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