Madrid Bombings Likely Covered by Terrorism Pool
Best's Review › Vol. 104 Nbr. 12, April 2004
Linked as:
Summary
Just when terrorism as a major risk scenario seemed to be abating, the insurance industry was jolted by a series of explosions that ripped through commuter trains in Spain's capital, killing scores of people. Early reports from Spanish officials said three Madrid train stations were hit by the explosions, which tore open crowded commuter trains as they approached the stations during the morning rush hour on March 11. Spain's Interior Ministry said at least 198 people were killed and more than 1,400 were injured. Insurers are assessing their exposure to the attacks, though it appears likely much of the loss will be absorbed by a state-mandated terrorism insurance pool.
See the full content of this document
Extract
Madrid Bombings Likely Covered by Terrorism Pool
Just when terrorism as a major risk scenario seemed to be abating, the insurance industry was jolted by a series of explosions that ripped through commuter trains in Spain's capital, killing scores of people.
Early reports from Spanish offic...See the full content of this document
Sponsored links
