How these terrorists have caused a fifty per cent hike in your insurance premium
Series: Property Week ; 66(46) 16 November 2001, 33-38(5)Publication details: 2001Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64914 (Browse shelf(Opens below)) | 1 | Available | 115920-1001 |
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.