MLchartDataset catalogue

Year 2000 exclusion Y2K

Term · Insurance and risk management · MLC-T-INS-003574

A specific clause added to insurance policies, particularly in the late 1990s, to deny coverage for losses arising directly or indirectly from the Year 2000 computer date change issue. This exclusion aimed to protect insurers from widespread claims related to system failures, data corruption, or business interruptions caused by the Y2K bug. It typically applied to property, liability, and business interruption coverages.

Table 1. Record
IdentifierMLC-T-INS-003574
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003574",
  "term": "Year 2000 exclusion Y2K",
  "field": "Insurance and risk management",
  "definition": "A specific clause added to insurance policies, particularly in the late 1990s, to deny coverage for losses arising directly or indirectly from the Year 2000 computer date change issue. This exclusion aimed to protect insurers from widespread claims related to system failures, data corruption, or business interruptions caused by the Y2K bug. It typically applied to property, liability, and business interruption coverages.",
  "url": "https://mlchart.com/terminology/insurance/year-2000-exclusion-y2k/"
}

Record 3,730 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.