NU Online News Service, April 15, 4:16 p.m. EDT

Volcanic activity in southern Iceland has disrupted air transport networks across northwest Europe, but has not caused property damage or casualties in Iceland, according to reports.

Gordon Woo, lead catastrophist for Risk Management Solutions, said insurance implications from the Eyjafj?ll volcano eruptions could include payouts from Iceland's national natural catastrophe insurance fund--which covers volcanic eruptions and glacial floods--if there is damage.

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