Looking for information about insurance coverage for losses related to the recent volcano eruption in Iceland that has affected Europe, air travel, airplanes, and commerce in general? If you are, take a look at the Alert that my colleagues Kirk A. Pasich, Stephen N. Goldberg, Kenneth Berline Trotter, Jared Zola wrote. Here is a snippet:
A volcano under Iceland’s Eyjafjallajökull glacier erupted on April 14th, spewing clouds of ash up to 30,000 feet into the air. The volcanic eruption in Iceland already has caused significant disruption to businesses and individuals. For example, airlines were unable to fly planes even if they wanted to, because national aviation authorities shut down airports and air space. As a result, hundreds of thousands of passengers were unable to fly to or from the region. Although air travel is slowly resuming in some countries, the disruption continues, and experts cannot say when the problems will end.
The Alert discusses potential coverage under Event Cancellation policies, Trade Disruption policies, Travel Insurance policies, and First-Party Property policies. Click here to read the full Alert.
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