Local councils are seeking to increase their terrorism insurance cover to prepare for an attack such as the Nice atrocity, according to the head of Britain’s specialist terrorism insurance agency. Attacks by extremist groups can lead to a range of claims, including property, interruption to business, life insurance and travel cover. Local councils would be liable typically for the costs of rebuilding public property or housing if they are destroyed, a cost that could be significant if there is no insurance to cover any of the claims. Compensation for families of victims who have lost their lives would be paid by the Criminal Injuries Compensation Authority.
Times 30th Aug 2016 read more »