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US gov is not going to reimburse a private company for war damage caused by a sovereign country. Property insurance generally has war exclusions, insurance co
by cypherpunks01 6mo ago
US gov is not going to reimburse a private company for war damage caused by a sovereign country.
Property insurance generally has war exclusions, insurance co will deny claims. Unless there is some affordable magic 100% war damage coverage policy sold in the middle east, which is doubtful, no insurer would be able to successfully underwrite anything like that.
The company eats the losses and the recovery efforts it wants to persue.
- christina97 6mo agoNo the US government legitimately sells this kind of insurance (and reinsurance): https://www.dfc.gov/what-we-offer/our-products/political-risk-insurance https://www.dfc.gov/what-we-offer/our-products/political-ris...
- genxy 6mo agoI wonder how much is/was paid out for The Excursion.