Premiums to soar as ceasefire discount ends
27th June 1996, Page 13
27th June 1996
Page 13
Page 13, 27th June 1996
— Premiums to soar as ceasefire discount ends
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
N Insurance rates for hauliers seeking to protect themselves against terrorism are set to soar following a decision by a leading insurance company to end its "ceasefire discount".
Pool Re is the organisation which provides additional terrorism cover for British companies above the levels catered for in conventional insurance pali
cies. Following the IRA's Manchester bomb it has ended the 40°,, reduction in rates that it introduced at the start of the IRA ceasefire M January.
Insured companies will now be asked by Pool Re to pay the extra 40°u on their premiums: rates set for the New Year will reflect the increased level of terrorist activity in Britain.