* hull
war risk insurance (including automatic termination and cancellation provisions in the event of war); and
Since late September, international shipping companies have been levying
war risk insurance surcharges of 100 USD per container or 5 USD per ton on all cargo to and from Pakistan.
However, Cathay Pacific said Monday it has reached a deal with a private insurance company to increase the
war risk insurance, enabling it to continue to operate as normal.
That is why the FAA has another role besides that of regulating safety standards: the federal body also steps in to provide
war risk insurance, coverage for certain catastrophes and emergencies at reasonable terms for airlines that cannot get it anywhere else.
The event was held to mark the 35th anniversary of Bahrain-based Arab
War Risk Insurance Syndicate (AWRIS).
"No ship owner would want to send his vessel to the region for repairs since there would be massive
war risk insurance involved.
airline lobbied on legislation dealing with aviation security, passenger rights,
war risk insurance, tax issues and Federal Aviation Administration reauthorization, according to the form posted online Feb.
War risk insurance and security issues cost airlines EUR1.9bn, which according to IATA should be covered by governments.
Additionally, when life insurance for veterans had its beginning in the
War Risk Insurance program, first made available to members of the Armed forces in 1917, coverage was limited to $10,000.
Commercial insurers withdrew third party
war risk insurance in the aftermath of September 11 attacks.
11,
war risk insurance for airlines and other aviation stakeholders was canceled, though some governments extended the third-party war risk cover that was previously provided to their respective airlines and other parties pending agreement on an affordable global solution to the war risk problem.