>From: Greg Burch <gregburch@gregburch.net>
>Second, losses caused by acts of war and/or terrorism ARE often (probably
>usually) excluded from most first-party property insurance. However, such
>losses ARE covered separately in "war risk" policies. Whether specific
>interests had their war risk insured was, of course, a matter for the risk
>managers of each of the businesses involved.
One of the major carriers (I forget which) has already publicly announced
that they will not interpret their war exclusion clause to apply to the WTC
attack. They have vowed that their clause will be interpreted to include
only armed conflict between soveriegn nations. Like I say, I forget who it
was, but it was a biggie. I think all the other major carriers will now
follow suit to avoid being seen as "unAmerican."
-Zero
"I'm a seeker too. But my dreams aren't like yours. I can't help thinking
that somewhere in the universe there has to be something better than man.
Has to be." -- George Taylor _Planet of the Apes_ (1968)
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This archive was generated by hypermail 2b30 : Fri Oct 12 2001 - 14:40:51 MDT