This is supposed to be a 3 day event, yet... : LUSENET : TimeBomb 2000 (Y2000) : One Thread

has anyone heard of an insurer that will offer policies against several days of disruption? Has anyone encountered an insurer against any y2k related event AT ALL? If this whole business is supposedly overblown, you could count on the insurance companies offering expsoure coverage. Yet, it hasn't come forth. Availabe coverages usually include y2k disclaimers.

What does this tell the people who aren't listening?

-- OR (, October 31, 1999


At first glance, it would appear to tell them that the insurance companies are as much in the dark as the rest of us as to the actual effects and repercussions of the rollover.

-- PKM (.@...), October 31, 1999.

PKM, are you suggesting that insurance coverage is based on non- conclusions, non-assumptions, and non-preconceived outcomes?

Come on. More substantiation is needed for the obvious lack of insurance available for y2k related problems.

-- OR (, October 31, 1999.

Oh, and don't forget how much money is being spent on insurance related programs for remediation.

They got it a long time ago. So, where are the Y2K insurance policies, that is if this is not going to be a problem???????????

They aren't economically viable. That's why they aren't being offered.

-- OR (, October 31, 1999.

My assertion is that the insurance companies are, to use the vernacular, "hedging their bets" by failing to offer insurance on an unknown quantity. Insurers often decline to insure unusual items or activities due to lack of information. Try getting your hovercraft insured, and you'll understand.

-- PKM (.@...), October 31, 1999.

The insurance co's are toast, OR. They've decided that they want to be stock brokers and financial planners/providers more than they want to be insurers.

This does not negate your point in any way, though. If they thought they could make a buck, they'd do it in a heartbeat.


-- Pinkrock (, November 01, 1999.

Seems that insurance companies offer insurance on events that are unlikely to happen based on lots of previous data. Why WOULD they offer insurance on something that has NEVER happened but is certain to hit everywhere with an unknown and unknowable severity and duration. They may be crooks, but they aren't idiots.

-- Linda (, November 01, 1999.

Linda, you sorta made my point. The Insurance companies are GIs.

-- OR (, November 01, 1999.

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