Insurer ACE warns of possible Ebola-related restrictions on business liability coverage

ACE Ltd. warns of Ebola restrictions
ACE Ltd. warns of Ebola restrictions   

A big name insurer is warning of possible Ebola-related restrictions on business liability coverage

ACE, which is based in Zurich, may apply these restrictions to new and renewal policies for firms with employees travelling to "certain African countries," according to the company.

"ACE is a global insurer that underwrites difficult and complex risks," the firm wrote in a statement. "The company's global casualty unit, which offers coverage for U.S.-based companies and organizations that travel or have operations outside the U.S., is selectively using a policy endorsement to exclude Ebola on a case-by-case basis for insureds that have foreign travel exposure to certain African countries with potentially higher risk exposure."

"The endorsement is being applied during the underwriting process only on new and renewal policies based on information about each company's travel to and operations in select territories," it added.

Have Ebola fears made this sector a major buy?
Have Ebola fears made this sector a major buy?