§ Brian CotterTo ask the Chancellor of the Exchequer what assessment he has made of the effect of the terrorist attacks of 11 September 2001 on the insurance industry, with particular reference to the cost of providing public liability and employers' liability cover to business; and if he will make a statement. [82830]
156W
§ Ruth Kelly[holding answer 25 November 2002]The terms, conditions and price of insurance products adapt in response to the many factors that affect market conditions. These factors include the impact of claims arising from the appalling attacks of 11 September 2001, and the willingness in the insurance industry to take on terrorism risk.