No material impact on insurance sector from Icelandic volcano – Moody’s
The Eyjafjallajökull volcano in Iceland erupted causing a significant disruption for those individuals and businesses reliant on air travel, however, the extent to which the insurance industry will cover losses incurred from this disruption is expected to be limited because business-interruption claims will not be generally covered according the ratings agency Moody's.
The Moody's report noted that from an aviation perspective, business-interruption insurance claims are only valid for airlines and airports if there has been physical damage to their property. This
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