§ Mr. HobanTo ask the Chancellor of the Exchequer what recent discussions he has had with AIRMIC concerning the availability of insurance cover in the aftermath of 11 September; and which sectors these discussions covered. [61103]
§ Ruth KellyThe Government is aware that the availability of insurance cover against acts of terrorism has reduced following 11 September. Constructive discussions are ongoing between HM Treasury, the insurance industry and representatives of AIRMIC on possible changes to the Pool Re Scheme which provides terrorism reinsurance for commercial property damage and business interruption. AIRMIC have also been involved in wider discussions between Treasury and industry about the availability of terrorism insurance.