1887

Catastrophic Risks and Insurance

image of Catastrophic Risks and Insurance

These proceedings, based on a conference held in November 2004 at OECD in Paris, present leading academic analysis as well as government and private sector information and experience-sharing on how governments and the financial and insurance sectors can deal with losses caused by terrorism, atmosperic perils, and other large-scale risks.

English

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Current State of the Coverage for War and Terrorism Risks in the Aviation Sector

The aftermath of the 11th September events has deeply affected the aviation insurance market, requiring government intervention at least in a recovery period. Immediately after the events, insurance companies cancelled policies with war risk covers and introduced exclusions clauses for war risks in new contracts or/and limited damage claims to a maximum of US$50m.

English

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