Airlines Are Not Insured Against Volcanic Eruption
Questions have been raised about whether airlines might be insured for the volcanic eruption of Eyjafjöll in Iceland. Insurance companies say since there is no physical damage to the asset, airlines will not be able to make a claim.
April 20, 2010
An aerial photo shows smoke rising from the volcano under a glacier in the Eyjafjallajokull region of Iceland, on Wednesday, April 14, 2010. European air traffic from Scotland to Scandinavia and the Netherlands was disrupted by volcanic ash spreading from Iceland, shutting airports and prompting British Airways Plc to suspend all domestic flights. Photographer: Arni Saeberg /Bloomberg
Arni Saeberg/Bloomberg
