Managing Agency Partners (“MAP”) recently launched one of the broadest forms of terrorism coverage available since 9/11, a physical damage and liability cover that includes nuclear, biological and chemical risks and both first-party and third-party clean up and decontamination costs. The coverage is not yet available to the market as a whole, but rather to following markets that support MAP on risks that require more than $ 25 million in limits. MAP intends to market the cover in the US, Europe, UK, as well as parts of the Far and Middle East.
Click here to read another InsureReinsure.com post about a new type of policy that provides coverage for losses due to both terrorism and war for Israeli tourists.