The nuclear exclusion : what does it mean and who has been tampering with it?

McDonald, Tom 2004, The nuclear exclusion : what does it mean and who has been tampering with it?, Journal (Australian and New Zealand Institute of Insurance and Finance), vol. 27, no. 3, pp. 35-39.

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Title The nuclear exclusion : what does it mean and who has been tampering with it?
Author(s) McDonald, Tom
Journal name Journal (Australian and New Zealand Institute of Insurance and Finance)
Volume number 27
Issue number 3
Start page 35
End page 39
Publisher Matheson Publishing
Place of publication Prahran, Vic.
Publication date 2004-06
ISSN 1444-8505
Summary A nuclear exclusion appears in all general insurance policies. Since its introduction to Australia and New Zealand in the 1960s this exclusion has seen almost no change. So what are the reasons for this article? There are two reasons. First, there has been a misunderstanding on the part of some in the industry about the scope of this exclusion. This results in unnecessary alterations to the policy. The other is that a new wording is emerging some sections of the market which could be tar-reaching in its effect. The purpose of this article is to examine several aspects related to the exclusion. The first section examines the nature and extent of exposures in relation to radiation and nuclear energy and serves as background to under standing the exclusion wording. Section two provides the reasons for the inclusion of the clause and its historical origins. Section three addresses the intended scope of the current exclusion and the final section examines the scope of a new wording that is appearing and the possible implications that may result.
Language eng
Field of Research 150204 Insurance Studies
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2004, Matheson Publishing
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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