Regular insurance policies in Lebanon do not cover losses from terrorist attacks.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The spate of deadly bombing in Lebanon has prompted many corporations and some individuals to seek insurance policies covering "terrorism" attacks, a number of insurance firms said Tuesday.Regular life insurance policies in Lebanon do not cover death or injury resulting from a bombing or war.Passive war and terrorism insurance is a policy that provides financial protection against losses sustained from occurrences such as war, revolution, a military coup or terrorism. Ahmad Tabaja, chairman and general manager of Compass Insurance Co., reported an increase in the demand for passive war and terrorism insurance by more than 50 percent, mainly by banks, hotels and large companies.Mirza said that the price of passive war and terrorism insurance policies was expected to rise as well.
It’s Facebook for corporate donors and local projects
Industrial parks to rein in cost of production
Bank Misr Liban aiming to expand
FOLLOW THIS ARTICLE