Y2K Endorsement for Agribusiness

SACALA.JOSEPH@KNE ( (no email) )
Fri, 26 Jun 1998 09:58:29 EDT

A co-worker of mine asked that I forward this question to CASNET:

Question: ISO has developed a Buy-back Endorsement to the Agribusiness 1st and
3rd Party Exclusions due to the Y2K problem. Do you know of any rating
methodologies in place for the pricing of this Buy-back?

It sounds like the main peril involved with this endorsement is spoilage
caused by Y2k computer problems. ISO has not developed a loss cost for this
endorsement. If there is no info available for this specific coverage,
perhaps someone could refer us to a more general paper dealing with Y2k
pricing issues.

Any help would be appreciated. If you prefer, you can email me privately at

sacala_joe@tnic.e-mail.com

Thank you,

Joe Sacala
The Netherlands Ins. Cos.

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