Ace says it may exclude Ebola coverage from some insurance policies

IndustriesAssociated Press

Global property and casualty insurer Ace Ltd. says it may exclude Ebola coverage from some of its general liability policies.

The Swiss company said Tuesday that it is making the decision on a "case by case" basis for new and renewal policies for U.S.-based companies and organizations that travel or have operations outside the U.S.

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Ace said it is evaluating the risk for clients that might be present in select African countries with higher exposure to the Ebola virus.

While Ace may be the first to disclose such a move, Robert Hartwig, president of the Insurance Information Institute, says it is standard practice for insurers to regularly reevaluate the risk to their policies.