July 13th, 2009

Global Terror Update: Norway

Posted at 1:00 AM ET

global_cover141x141There is no terror pool or government involvement in terror coverage. No terrorism exclusions exist for personal lines, although an aggregate sub-limit per year is common. For commercial and industrial lines, terrorism is generally excluded — but with a limited write-back. Workers compensation is regulated by Norwegian law and covers terrorism. Reinsurance generally follows the original conditions, but excludes NBC terrorism.

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