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

To: John Mansfield who wrote (2398)	8/6/1998 6:52:00 PM
From: Ken Salaets	Read Replies (1) \| Respond to of 9818

Yes.

To: John Mansfield who wrote (2398)	8/7/1998 7:34:00 AM
From: Caroline	Respond to of 9818

cnnfn.com Y2K Insurance For Businesses May Be History August 05, 1998: 5:07 p.m. ET STAMFORD, CONNECTICUT, U.S.A. (NB) -- By Jacqueline Emigh, Newsbytes. Companies in 40 states, once covered by insurance firms against Year 2000-perpetrated "business interruptions," may have lost this coverage without even knowing it, a Garner Group analyst warned. A total of 40 states have already approved Year 2000 "exclusions" from insurance policies, and additional states are now considering joining in, said Lou Marcoccio, the Gartner Group's research director for Year 2000 problems, said during a press teleconference attended by Newsbytes. "The problem is that the general precedent has been set," Marcoccio told the reporters. Meanwhile, however, insurance firms "don't feel it's their obligation" to contact policy holders about the Y2K exclusions, according to the Gartner analyst. As a result, companies should "ask for a clarification, in writing," as to their insurance firms' current stances on protection against Year 2000-caused businesses losses, the analyst recommended. Although "several law firms have commented" that the Y2K exclusions could prove to be illegal, many of the affected companies will lack the financial resources needed to take the insurance firms to court, according to Marcoccio. In a related matter, Marcoccio noted that three large insurance firms have been saying privately that they no longer plan to reimburse for accidents or deaths resulting from "Year 2000 issues" on employer-paid life insurance policies.