Who decides when something is a terrorism incident?

When there’s an incident, who decides if it’s a terrorist attack? The government? The media? The police?

Some people would claim any one of these answers to be true. But when it comes to insurance, and the declaration of a terrorism incident, the answer can be a little trickier.

Geoff Stilwell, CEO and managing director of BeechUnderwriting, explains that in the case of an incident, immediately the insurer would start getting phone calls and they would take action.

“What would happen in the event of a loss, my phone would be jingling off the hook,” he said. This then, he said, would see Beech sending its people to the scene, as soon as it was safe, and assessing what was happening.

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Source: Insurance Business UK