War Rate

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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 ?

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.

Insurance-Uneasy In The Air

I write in the bookshop, Where War Rates a few shelves Between

The War

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.

Majority of Americans Pleased With Presidential Field; Iraq still dominant issue in voters' minds

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.

Backers slammed in tragedy insensitivity

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.

WAR ON TERROR: OUTRAGE IN CITY: LET'S CASH IN; EXCLUSIVE: Fury as report boasts US terror attack is 'historic chance' for rich to get richer

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