At least for now, most air travel restrictions caused by the eruption of the Eyjafjallajökull volcano have been lifted throughout Europe. Earlier reports led many observers to believe that significant insurance claims could result from this event. However, yesterday’s report from Moody’s indicates that insured damages should be minimal. Read this article for more details.
According to recent reports, the massive volcanic eruption in Iceland is intensifying and showing no signs of abating after forty hours of activity. The ash plume is now 3.7 miles high and has caused major disruptions for air travel in Europe. In addition, because the Volcano is under a large glacier, widespread flooding is impacting nearby areas. Read this article for more details.