UK motor insurers have voted for the Motor Insurers’ Bureau (MIB) to handle claims from victims involved in a vehicle-related terrorist event.
The change will come into effect from 1 January 2019.
The MIB is funded by a levy on all motor insurers in the UK, and deals with claims from victims involved in uninsured and hit-and-run accidents.
“Those who are innocently caught up in events where terrorists drive vehicles into people to injure and kill can rely on MIB to pay and handle their motor-related claims for these terrible events,” said Dominic Clayden, MIB’s chief executive.
Steve Maddock, MIB’s chairman and COO of Direct Line Group, added: “It is a good outcome for the industry and the public, and one which is supported by the Department of Transport.”
