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Reflecting on terrorism

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The Terrorism Risk Insurance Extension Act, which was due to expire at the end of the year, now looks set to be extended for a further 10 years. Robert Preston takes a look at the potential impact of this extension

Following the unprecedented terrorist attacks of 11 September 2001, in which the plane hijackers caused damage totalling more than $32bn (£16.1bn) in insured losses, the availability of cover for

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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