War risk insurance in time of war
Note for the Fourth Edition
This chapter considers the arrangements between the United Kingdom government and the insurance industry for State support for the marine (and aviation) war risks market in the event of the outbreak of war. The Act of Parliament under which this operates (the Marine and Aviation Insurance (War Risks) Act 1952) and the 1988 Reinsurance agreements remain in place. 1 What follows is the expert analysis provided by Michael Miller in the previous edition. He begins by explaining the lack of progress in bringing about much needed reforms since the Second Edition in 1994.
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