Madrid bombings have little effect on Spanish insurers

The 11 March terrorist attack in Spain, which killed 192 people and injured a further 2000 others, has not had much of an effect on the Spanish insurance market, according to a new report.PricewaterhouseCooper's latest edition of its Insurance Digest report concludes that no changes in the industry will take place because insurance coverages are guaranteed by the Consorcio Compensacion de Seguros (Spanish Insurance Compensation Fund or CCS).Unlike similar arrangements in other countries, CCS