War Rate

War Rate

The higher premium that an insurer charges a policyholder who is exposed to a warzone or other high-risk area. The war rate pays for the increased likelihood that the insurer will have to pay a claim. See also: War Risk.
References in periodicals archive ?
s bidding war rate saw the smallest decline, falling just 1.
Redfin agents and analysts are closely monitoring bidding war rates, expecting them to continue their downward trend into the fall.
San Diego and Orange County saw the largest decreases in competition, with bidding war rates falling by more than 10 percentage points in July.
In an interview with The Actuary magazine, global insurance firm Willis' head of transportation broking and chief executive of aerospace estimated that hull war rates could rise as high as 300 per cent due to the recent disasters.
As such, we do anticipate that aviationhull war rates will rise across the board.
Given the string of recent incidents, hull war rates could increase over the short-term though the level of increase will depend on the amount insured.
As Redfin analysts and agents predicted once mortgage rates began to rise early in the summer, the falling bidding war rates signal a shift from market that was firmly in the seller's territory toward a more balanced market.
The poll also finds that the Iraq war rates as Americans' top issue.
The poll also finds that the Iraq war rates as the top issue for Americans by a significant margin over healthcare and the economy.
Aviation premiums have soared by between 400 per cent and 600 per cent following the disaster, and aviation war rates have jumped a massive 1,400 per cent, it claimed.
And he can hardly contain himself as he tells how aviation war rates have risen by 1,400 per cent while maritime war rates have jumped by up to 500 per cent.
Meanwhile, San Diego, Orange County, CA and Boston became more competitive from May to June, with bidding war rates increasing by more than 4 percentage points.