An Act of War???

[DelC]

I was just looking at the fine print in my life insurance policy. It says, “. . benefits will not be paid . . . due to a lose of life . . . caused by an “Act of War” . . .” Hmmmmm????? Guess I need to check my homeowners insurance too!!

[HB]

As far as the "Acts of War" exclusion in insurance policies, it was reported on TV ( CNN I believe) that insurers ARE going to pay for the losses of life and property incurred in last Tuesdays terrorist attacks. It was reported that acts of war are considered to be part of "a declared war between two sovereign nations." Which this, so far, is not. So it's good that all of those life insurance policies, etc. will be paid, and the tremendous property losses too.

[krellum]

I think the insurance companies are going to have to change their definitions, because I don't think we'll see too many "declared" wars from this day forward - that seems to be an outdated European practice (which the rest of the world followed, of course) and it may have died with the premise of huge land armies, the charging of enemy lines en masse, etc....

Most of the nations who will likely be "at war" or in a "state of war" in the coming years will probably NOT "declare" anything - they'll just do it (like last week) - unless of course Germany decides that it's been too long since they've owned some French real estate...

Anyone know what the last official "declared" was was? I'm curious...


k

[CustomsCop]

The last declared war by the US was Desert Storm, the US had declared war on Iraq. Before that WWII was the last declared war.

[Belgarion]

This may sound like a dumb qestion, but how do the insurance companies operate in first world countries (like Israel, UK, etc) where terrorist acts occur at a frequent pace?

I wouldn't think US insurance companies would act any differently then the ones in the aforementioned countries