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All of the major maritime insurers will issue war risk policies at a small premium over the usual rates. This isn't anything new. Back during the Iran-Iraq war
by nradov 4mo ago
All of the major maritime insurers will issue war risk policies at a small premium over the usual rates. This isn't anything new. Back during the Iran-Iraq war both sides were hitting tankers occasionally but insurers wrote policies and the oil continued to flow.
- disgruntledphd2 4mo agoThe premiums went from 0.5% to 7.5% during the war. That's not a small difference, particularly for large amounts of expensive cargo.