Internet Virus Insurance Offered in U.K.

May 25, 2000

XTML, an Internet solutions provider, announced that it has made arrangements with U.K. insurer Independent Insurance to offer a policy covering damages caused by Internet viruses, including e-mail originated viruses like “the love bug,” which caused extensive damage to computer programs earlier this month.

XTML, an Internet solutions provider, announced that it has made arrangements with U.K. insurer Independent Insurance to offer a policy covering damages caused by Internet viruses, including e-mail originated viruses like “the love bug,” which caused extensive damage to computer programs earlier this month.

According to XTML, the product, called “Ensure,” offers world’s first “all-rounded” coverage of e-commerce risks.

Policy limits were available up to £ 1.5 billion ($ 2.2 billion).

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