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BVRLA welcomes mutualisation of vehicle terrorism risk

Date: 24 July 2018   |   Author: Sean Keywood

New arrangements for how insurers handle the risk of vehicle terrorism have been welcomed by the British Vehicle Rental and Leasing Association (BVRLA).

Insurers have voted for the Motor Insurance Bureau to handle and pay out to the victims of vehicle weapon terrorist attacks.

The BVRLA previously called for the terrorism risk to be mutualised in its report on the threat of vehicles being used as weapons for the rental sector.

BVRLA chief executive Gerry Keaney said: "We are delighted that the motor insurance market has agreed to mutualise this risk instead of leaving individual insurers to carry the risks associated with motor claims arising from terrorist attacks.

"This provides much needed reassurance for the vehicle rental industry where operators were finding it increasingly difficult to secure cover.

"We are very grateful to the MIB for their collaborative approach to this challenging issue." 

The BVRLA's report also called for: a compulsory new national accreditation scheme for vehicle rental companies; simple, scalable and consistent new security measures developed in collaboration between law enforcement organisations, government policymakers and the vehicle rental industry; proportionate and realistic policy measures that do not play into terrorists' hands by causing undue disruption to businesses and individuals; and for the government to increase its ongoing efforts to remove online content used to inspire and guide extremists in carrying out vehicle attacks.

Keaney added: "We will continue to liaise with our members, government and law enforcement organisations on ensuring a collective, coordinated and proportionate response to the issue of vehicle as weapon terrorist attacks. 

"This includes working with the relevant authorities to explore ways of sharing data, supporting the government's Action Counters Terrorism (ACT) campaign and developing our own suite of industry training and guidance."



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