War Risk

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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.
References in periodicals archive ?
Focus has shifted to trade war risks and reports that White House economic advisor Gary Cohn is on the brink of resigning again after the tariff accouncement.
2 policies will be subscribed under this contract awarded to a single holder: - civil liability for excess war risks for paris airports (the effective date of the policy is 1.
Failure by Trump to resolve the Afghan war risks even greater financial and human cost for the US, could leave it bogged down further in the conflict.
Manama: Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has appointed Nabil Kotran as its new chief executive (CEO).
Mr Richard Chidlow, local secretary of the Sailors' and Firemen's Union, presided at today's meeting, and Mr Joseph Cotter, of the Stewards' Union, submitted to the men the Government's proposal as follows: "The Government have expressed their willingness to appoint a tribunal to inquire into the question of the war risks run by ships sailing from Liverpool, and the complaints in respect of short voyages arising from the war.
whose Lloyd's of London syndicate 609 leads the war risks policy for Malaysia Airlines, said it had agreed to settle the hull war loss portion of the loss.
Doha Insurance chief executive officer, Bassam Hussein, has been elected to the technical committee of Arab War Risks Insurance Syndicate (AWRIS), which is based in Bahrain.
Does your coverage include a war risks policy and a strikes, riots or civil commotions (S.
Department of Transportation's Maritime Administration, authorizes the federal government to act as an insurer or reinsurer of last resort to facilitate waterborne commerce should private ocean marine insurance markets not be able to ensure that financial losses due to war risks (and piracy) will be largely covered.
Service Life Insurance gives cover for war risks such as chemical and biological attack.
Those vessels are insured in the commercial market for war risks, including terrorism, but with exclusions for nuclear, biological or chemical attack.
ONE of the worst share slumps on record was triggered yesterday as the threat of war risks driving the world into its deepest recession in modern times.