>Would it make any difference. Would insurance ever cover acts of terrorism?
>I thought that damage due to terrorism or insurrection would be
>automatically excluded. But no doubt someone with more expertise can set us
>straight.
No, an insurance policy t is a contract. It can have any lawful subject
matter. You can insure anything. Some film stars insure their breasts. Many
insurance contracts exclude damage resulting from terrorism, war, or "acts
of God," but it's not the law that they have to. You could insure against
terrorism if you were willing to pay for the coverage. What would be charged
depended on the risk. For you, it would probably be cheap. For the WTC, it
would probably be very expensive. If the WTC were _not_ insured against
terrorism, I would be surprised. I think that it would be negligent to fail
to insure it against terrorism.
jks
In Ontario the province has conveniently passed a law that limits
>its liability for damages that might be caused by nucelar hydro power
>reactors as I understand!
>
>Cheers, Ken Hanly
>
>----- Original Message -----
>From: Tim Bousquet <[EMAIL PROTECTED]>
>To: PEN-L <[EMAIL PROTECTED]>
>Sent: Wednesday, September 12, 2001 11:43 AM
>Subject: [PEN-L:16987] "an act of war" & insurance payments
>
>
> > If this talk of an "act of war" leads to the War
> > Powers Act being invoked, does that let the insurance
> > companies escape from making payments on the damage?
> >
> > My reading of the Chron this morning suggests that the
> > total hit for insurance companies is on the order of
> > $20 billion-- by far the largest insurance bill in
> > history. Are the companies capitalized enough to meet
> > the payments?
> >
> > tim
> >
> > =====
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> > http://groups.yahoo.com/group/ChicoLeft
> >
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>months. Mail cash or check payabe to "Tim Bousquet" to POBox 4627, Chico CA
>95927
> >
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