Editor's Note: This article originally appeared in National Underwriter, P&C.
Experts say 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 policies.
Last week, 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.
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