Munich Re could offer volcano cover for airlines

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Reinsurer Munich Re says airlines and airports are only "generally covered" for business interruptions in the event of "material damage" and so the volcano will have little impact on the reinsurer. However, it said it could offer "cover against such air-traffic interruptions due to force majeure as in the present case because of the cloud of ash or due to snowfall" and would be available if there was enough demand. A spokesperson said: "Given sufficient demand for such cover the group's know-how

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