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Insurers to waive terror exclusion for Christchurch attack

A night vigil on Mount Maunganui for the victims of the March 15 Christchurch mosque shootings in New Zealand

New Zealand-based insurers including AA Insurance Ltd., Tower Ltd. and IAG New Zealand Ltd. are waiving terrorism exclusions in their property and commercial building policies for damage related to a March 15 terror attack in Christchurch, reported. The policies contain clauses which allow the insurers to decline any property damage claim related to acts of terrorism.

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