How these terrorists have caused a fifty per cent hike in your insurance premium
Creasey, S
How these terrorists have caused a fifty per cent hike in your insurance premium - 2001 - Property Week 66(46) 16 November 2001, 33-38(5) .
Feature on the insurance industry in the wake of the September terrorist attacks. Looks at the impact on the commercial property market and the predicted rise in property premiums. Highlights that the reinsurance market is under particular pressure and discusses the role of Pool Re, the government-backed reinsurance organisation established 1993 to spread the risk of UK insurance companies. Advises landlords and tenants of the importance of insuring against the risk of terrorism and explains how terrorist damage is dealt with in leases of commercial property, highlighting problems with the standard lease provisions and how to negotiate new leases. Summarises that property owners should expect rate increase, terrorism rate increases and less flexible underwriting.
TERRORISM
REINSURANCE
INSURANCE PREMIUMS
INSURANCE INDUSTRY
PROPERTY OWNERS
COMMERCIAL LEASES
TERRORISM INSURANCE
PROPERTY-COMMERCIAL PROPERTY
RISK
UNITED STATES
How these terrorists have caused a fifty per cent hike in your insurance premium - 2001 - Property Week 66(46) 16 November 2001, 33-38(5) .
Feature on the insurance industry in the wake of the September terrorist attacks. Looks at the impact on the commercial property market and the predicted rise in property premiums. Highlights that the reinsurance market is under particular pressure and discusses the role of Pool Re, the government-backed reinsurance organisation established 1993 to spread the risk of UK insurance companies. Advises landlords and tenants of the importance of insuring against the risk of terrorism and explains how terrorist damage is dealt with in leases of commercial property, highlighting problems with the standard lease provisions and how to negotiate new leases. Summarises that property owners should expect rate increase, terrorism rate increases and less flexible underwriting.
TERRORISM
REINSURANCE
INSURANCE PREMIUMS
INSURANCE INDUSTRY
PROPERTY OWNERS
COMMERCIAL LEASES
TERRORISM INSURANCE
PROPERTY-COMMERCIAL PROPERTY
RISK
UNITED STATES