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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Redman who wrote (835)	1/5/1998 8:34:00 PM
From: M. Frank Greiffenstein	Respond to of 9818

Y2k Insurance in France.... Subj: y2k insurance Date: 98-01-05 20:21:13 EST From: TrdrVic21 To: Stone151 Axa offers Y2K bug insurance By Reuters January 5, 1998, 3:20 p.m. PT PARIS--French insurer Axa Global Risks, a unit of Axa-UAP, said today it is offering large companies cover for their software exposure to millennium bug risks. The company said in a statement its new product, Dat+net.2001, would offer companies cover for the possible loss of or damage to information or programming as well as the financial consequences of doing business in a crisis period. "Companies which have made the necessary adaptations to their systems for the passage to the year 2000 can also benefit from the guarantees of the Dat+net.2001 insurance, including cases of nonfunctioning programs or changed information," it said. The cost of coverage would range widely case by case, from $329,000, a company spokesman said. Concerns about widespread disruption at the turn of the century stem from the design of most computers and programs, which read only the last two digits in a date and risk seeing January 1, 2000 as January 1, 1900.