OECD TERROR GUIDELINES
December 1st, 2004
BY KEITH NUTHALLA BID to clear the confusion over the definition of terrorist attacks within insurance policies has been made by the world's largest think-tank, the Organisation for Economic Cooperation and Development (OECD).It has issued detailed guidelines for the industry, helping companies and governments adequately define such attacks so they can be included in policy coverage and exclusions.Until September 11, 2001, terrorism risk was usually not explicitly mentioned in insurance contracts and covered at no extra cost as part of fire protection clauses. ...
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