Business Insurance, August 24th, 1998
Northern Ireland bombing prompts underwriters to examine U.K. risks
MARIA KIELMAS
LONDON - The deadly bombing this month in Omagh, Northern Ire, land, has caused Lloyd's underwriters to reassess terrorism insurance rates in the United Kingdom.
In Northern Ireland, a U.K. government program provides terrorism coverage, and Lloyd's of London provides coverage for the difference between commercial property risks' declared values in the U.K. program and theft market value at the time of the loss.
Pool Reinsurance Co. Ltd., an insurance company pool, writes terrorism insurance in England, Sco...
HighBeam Research, Free Preview: 'Terrorism rates under review'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
