NU Online News Service, April 16, 3:36 p.m. EDT
Experts today said insurers will not likely have to pay business interruption or aviation claims from the Iceland volcano eruption, as such a rare event is not likely to be covered by the policies.
Yesterday, NU Online quoted Gordon Woo, lead catastrophist for RMS, as stating that business interruption from the Eyjafalljokull activity is considerable to the aviation industry, with the temporary closure of airspace in U.K. and Scandinavia as a precaution over the airborne ash plume (http://www.property-casualty.com/News/2010/4/Pages/Iceland-Volcano-Eruption-Could-Mean-Business-Cat-Claims-.aspx?k=volcano).
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