Insurers to pursue private claims if MH17 is declared an act of war

Private insurance companies in Malaysia and the Netherlands have stated the intention to waive exclusions if the MH17 disaster is declared an act of war.One day after the aircraft was shot down over eastern Ukraine on July 17th, the Dutch association for private insurance companies stated its members would waive any exclusion for acts of terrorism or war. The Malaysian association of life-insurance companies issued a similar statement a week later.Malaysian passengers and crew on board MH17 had 95 life insurance policies with payouts that could total around MYR13.7 million (US$4.3 million), according to the life insurance association in Kuala