Barcelona attack unlikely to hit private market

An apparent terrorist attack in Barcelona likely will not lead
to large-scale payouts by insurers as a government-owned fund in
Spain has taken on the role of covering such events.
Spain's state-owned Consorcio de Compensación de Seguros
(CCS) has become the direct insurer of losses due to terrorism,
according to the Organisation for Economic Co-operation and
Development (OECD).
An insured needs only to have an active policy in place and paid
up to be eligible for CCS coverage, the insure