Terror insurance spending up four-fold in UK public sector
The UK's public sector has increased its spending on insurance against terrorist attacks four-fold over the past 12 months. Roughly £56m ($76m) of contracts included terrorism coverage were underwritten in 2017, up from £14m in 2016. Recent attacks are said to have caused less physical damage than previous incidents. Business interruption from these attacks, however, has been notable, with insurers criticised for failing to get payouts to businesses impacted by last year's attack at Borough Market, losses from which are estimated to have been £1.4m. 
