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ARTICLE · 26 APRIL 2010

Iceland's Volcano - The Impact Continues to Reverberate

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The eruption on 14 April 2010 of Iceland’s Eyjafjallajokull volcano (the second eruption in a month) has caused havoc throughout Europe and beyond.

IcelandInsurance
Paul Wordley
Paul Wordley
Justin Reynolds
Justin Reynolds

The eruption on 14 April 2010 of Iceland's Eyjafjallajokull volcano (the second eruption in a month) has caused havoc throughout Europe and beyond. The impact of this first eruption in 190 years looks set to continue for the short to medium term, even though airspace restrictions have now been lifted.

Criticism has already been made of the regulators' decision to shut down airspace, which is costing airlines some $200 million per day from cancelled flights and causing the European economy to suffer massive losses in lost business. Interested parties may well be considering action against the regulators but, whilst these actions are possible, they will certainly not be without difficulty, particularly in this case where the issue of safety is given absolute priority.

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