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Neil: Government needs to get on and update terrorism insurance legislation
Neil: “Companies are being asked to pay up to a scheme that won’t cover the kind of attack that happened at London Bridge, because business interruption cover is limited to physical damage”
“There are businesses that had insurance that will not receive money. The government needs to get on and update the legislation to extend the cover of Pool Re to cover knife and vehicle attacks.”
You can read the full article on the Financial Times website here
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