Motor insurers vote to share costs of terrorism claims 03 August 2018

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.”

Author
Laura Cork

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