MIB to handle vehicle-related terrorism claims
Insurers vote for MIB to handle terrorism claims where a vehicle has been used as a weapon in a move welcomed by Biba.
UK motor insurers have voted for the Motor Insurance Bureau (MIB) to handle all claims from victims of terror where a vehicle has been used to kill or injure.
This means the MIB will deal with all third party motor claims relating to terrorism where a vehicle is used to attack from 1 January 2019.
The market will fund the initiative through a levy.
The MIB, which is a not-for-profit organisation, already looks after victims involved in uninsured hit and run accidents.
The British Insurance
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