XL Catlin announced it has updated the wording of its “Active Assailant” coverage to include the use of road vehicles in an attack.
Stephen Ashwell, XL Catlin’s chief underwriting officer for Crisis Management, said: “The tragic events that took place in Nice in July prompted us to review our coverage and we have now added the use of road vehicles in an attack to our covered events. It’s a sad fact that we are living in an age where groups and individuals, set on doing harm, are diversifying and modifying their methods and we have updated our solution to ensure we are providing relevant insurance coverage.”
XL Catlin launched its Active Assailant solution in May 2016. It is currently underwritten in the U.K., U.S., Germany and Asia Pacific, covering clients globally. The solution is designed to help organizations with the financial impacts of Active Assailant events ranging from business interruption through to counselling and medical expenses for employees and customers. Coverage can be triggered by property damage or bodily injury.
As well as providing coverage for standard property damage, Active Assailant coverage also provides coverage for business interruption including a determination by authorities that the client’s operations have to cease at their current location. The new endorsement also provides enhanced “extra expense” coverage, which may include expenditures related to public relations assistance, relocation, counseling and/ or psychiatric care, medical expenses, additional security and job retraining.
Source: XL Catlin
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