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Insurers face ban on paying ransoms

by james tapsfield

Insurance companies will be banned from footing the cost of terrorist ransoms, under measures unveiled by Theresa May.

The Home Secretary said the Counter-Terrorism and Security Bill, being introduced to Parliament this week, will make clear it is an offence for firms to reimburse such payments. The move is part of a package of changes designed to tighten up protections in the UK, amid warnings that the threat of an attack here is growing.

Islamic State-linked terrorist groups in Syria and Iraq have been using kidnappings to successfully raise funds.

Mrs May, who will address a counter-terrorism event in London later, said: "Our position is clear - ransom payments to terrorists are illegal under UK and international law."

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