Legislation would extend terrorism cover to business interruption

The U.K. government has introduced new legislation to enable state-owned terrorism reinsurer Pool Reinsurance Co. Ltd. to extend its business interruption cover beyond property damage, Out-Law.com reported. Local businesses have suffered disruption-related losses due to police cordons following terror attacks. The amendment will not provide compensation related to recent terror attacks such as the May 2017 Manchester Arena bombing and June 2017 London Bridge attack.

Read more.