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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Debra Orlow who wrote (18681)	9/13/2001 3:07:05 PM
From: dennis michael patterson	Respond to of 52237

>>If indeed the attack this week is an "act of war" as has been verbalized by more than one official (Mr. Bush was the first to actually say this), insurance companies will not have to cover the damages.<< This is correct. The clause is in every insurance policy I have ever seen. But just because the President-- or anyone else -- says it's war does not make it so. I think if Congress does engage in activity sufficient to actuate the War Powers Act, the insurance companies may pay claims. But there is no doubt that, at the moment, the coverage question is an open one.