I thought that retaliatory action would be a good indicator, so I took a look, and I'd say this supports Zurich's decision: https://techcrunch.com/2018/03/15/r

I thought that retaliatory action would be a good indicator, so I took a look, and I'd say this supports Zurich's decision: https://techcrunch.com/2018/03/15/russian-sanctions-treasury-ira-notpetya/ https://techcrunch.com/2018/03/15/russian-sanctions-treasury... Others cited the exclusion to be worded as "hostile or warlike action in time of peace or war", further tilting the scales in the insurance's favor.