One of London's most famous haunts, the shopping emporium Selfridges in Oxford Street, has been hit by fivefold increases in its insurance premiums since September 11.
Selfridges' finance director, Peter Williams, said the store's insurance premium, which was renewed last month, has soared to £1.9m from £400,000 last year.
Williams said he hoped the premium, which covers property damage and business interruption, would fall again "depending on world events".
