War Risk

The likelihood that a person or property will be injured, killed or destroyed in an act of war. For example, if an employee is transporting goods in a truck to a customer, war risk is the possibility he/she may drive over a landmine, killing himself/herself and destroying the goods. War risk is a type of political risk and is often excluded from insurance policies.

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COSTS of shipping cargo to and from Bahrain have significantly increased after insurance firms slapped war risk premiums on vessels, as a result of heightened tensions in the region.

Shipping costs hit by rising tensions in region

India's exporters and importers will have to pay more on freight as global container lines start levying a war risk surcharge ranging between $36 and $42 for shipping cargo containers to and from the Arabian Gulf transiting through the Strait of Hormuz in the wake of escalating tensions in the region.

Freight charges to go up for India's exporters-importers

Bargain, if you can cover the war risk premium," said a Singapore-based marine fuels trader for a large commodities merchant.

War risk costs drag on UAE marine fuel sales, benefit Singapore: trade

Panalpina, the worlds fourth largest provider of ocean freight services is applying a War Risk Surcharge for the Strait of Hormuz as a result of significantly increased insurance premiums for all vessel operators going through the busy waterway.

Switzerland : Panalpina applies War Risk Surcharge for Strait of Hormuz

Summary: One broker expects a war risk premium but doesn't expect it to have a big impact

Sabotage in the Gulf: No immediate impact on freight, insurance premiums

Civil War Risk: We focus on civil and interstate war, as variants of political instability, drawing on the IHS Economics and Country Risk analysis.

The Attraction of FDI to Conflicted States: The Counter-Intuitive Case of US Oil and Gas

THE Nigerian Maritime Administration and Safety Agency (NIMASA) has expressed concern over Nigeria's rising war risk insurance premium charged by vessels coming into the nations territorial waters, stating that unverified reports on maritime crime within the Gulf Of Guinea combine to misrepresent the nations maritime security to the outside world.

Nigeria's Rising War Risk Insurance Premium On Vessels Worrisome, NIMASA Cries Out

The suspected role of nation-state actors has raised the possibility that insurance companies may attempt to invoke war risk exclusions to escape paying cyber-related insurance claims.

War Risk Exclusions Threaten Cyber Coverage

M2 EQUITYBITES-January 24, 2019--Singapore offering marine war risk insurance

Singapore offering marine war risk insurance

BANKING AND CREDIT NEWS-January 24, 2019--Singapore offering marine war risk insurance

Singapore offering marine war risk insurance

According to the contract, Tawuniya will provide insurance coverage for the Saudia fleet against aviation accidents and public liability due to third parties' injuries, death, and property damage as well as war risk.

Tawuniya insures Saudi Arabian Airlines fleet

According to the contract, Tawuniya will provide insurance coverage for the Saudia Airlines aircraft against aviation accidents and public liability due to third parties' injuries, death, and property damage as well as covering war risk.