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Written question asked by Lord Flight (Conservative) on Wednesday, 30 October 2002, in the House of Commons. It was due for an answer on Wednesday, 6 November 2002. It was answered by Ruth Kelly (Labour) on Wednesday, 6 November 2002 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, if he will make a statement on the Government's discussions with the commercial insurance sector regarding commercial cover being available in respect of the area not covered by Pool Re' where commercial exclusion is absolute; and if he will make a statement.
Answer

Mr. Flight: To ask Mr. Chancellor of the Exchequer, if he will make a statement on the Government's discussions with the commercial insurance sector regarding commercial cover being available in respect of the substantial area not covered by Pool Re' where presently commercial exclusion is absolute; and if he will make a statement. [79016] Ruth Kelly: The availability of terrorism cover in the commercial market is a matter that we have and will continue to discuss with the insurance industry. We are not persuaded that there is an issue of sufficient substance to justify primary legislation to amend the definition of acts of terrorism in the Reinsurance (Acts of Terrorism) Act 1993.


Secondary information

Type
Written question
Reference
79016; 392 c275W;392 c287-8W
Session
2001-02
Subjects
Business premises Insurance companies Insurance Terrorism Pool Re
Link
View this Written question on www.publications.parliament.uk