Nuked covers? Insurance and reinsurance companies are trying to get on the same page when it comes to exclusions, particularly for fire following nuclear incidents. According to sources, it's a work in progress

From: Canadian Underwriter | Date: April 1, 2003| Author: Harris, Craig | Copyright information

Insurance and reinsurance companies are trying to get on the same page when it comes to exclusions, particularly for fire following nuclear incidents. According to sources, it's a work in progress

Primary insurers are caught between a classic rock and a hard place when it comes to reinsurance treaty wordings, exclusions and provincial legislative requirements. Insurance legislation in all provinces excludes "fire following" only for specific named events, such as war, riot or insurrect...

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