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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Karl Drobnic who wrote (5399)11/4/1997 2:22:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 31646
 
Re: Insights on how AON et al insure Y2K:

techstocks.com

Key quotes:
Companies are being charged up to $365,000 (œ227,000), most of which cannot be recovered later, for an audit of their systems before receiving insurance cover.

Interest in the new insurance policies has so far been almost non-existent. Nobody has yet bought one and only a handful of companies are undergoing the audits required by insurers.

Note: I do think as time goes on and (large) companies realize the legal implications of a Y2K-related failure, they will flock to buy Y2K insurance.

- Jeff
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