overcast clouds
December 11, 2007 | General

With information taken from the Canadian Airports Council News Release distributed September 20, 2001

There are many collateral issues arising from the events of Tuesday, September 11, including issues associated with the insurance industry and the provision of insurance. The world aviation insurance markets are re-evaluating the coverage provided for war and terrorism. This re-evaluation applies to all companies involved in aviation including airlines, airports and many others.

As part of this re-evaluation, many Canadian airports have been notified of the cancellation of policy extension covering war and terrorism, effective 7:00 p.m. EDT on Monday, September 24, 2001. The cancellation does not affect other aspects of airport insurance coverage, which are extensive and remain in place.

Industry members, including airports, are involved in active discussions with insurance underwriters. Edmonton Airports also looks forward to government leadership in support of a resolution to this issue.