Insurance industry may not be liable for payouts relating to Boston Marathon Bombings

April 29, 2013April 28, 2013 Logan B.

Insurance industry may be exempt from claims payouts The Boston Marathon Bombings continue to send ripples throughout the insurance industry as more details concerning the disaster come to light. Last week, President Obama declared that last week’s bombings were, in fact, an “act of terror” perpetrated by a malicious party. The federal government has been pressured to avoid the term “terrorism,” however, due to the implications that could have within the insurance industry. Classifying the disaster as terrorism could potentially exempt insurance companies from providing benefits to policyholders. Bombings may…

Insurance industry expected to react to Boston Marathon bombing

April 20, 2013April 18, 2013 S.Vagus

Bombing sends ripples throughout insurance industry The Boston Marathon was held in Massachusetts earlier this week and served as the scene for a gruesome attack that claimed the lives of three people and left over one hundred wounded. Three bombs went off at the finish line of the Boston Marathon fairly late into the event. U.S. officials are still investigating the event, hoping to unearth details leading to the apprehension of the responsible party. While the investigation may not have an immediate solution, the Boston Marathon bombings may have a…