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 ?
Powell said the central bank would act "as appropriate" to address trade war risks a day after St Louis Fed chief James Bullard said a rate cut may be warranted soon.
Both sides discussed regional and international situations and how to spare the two countries and the region sanctions and war risks, a governmental statement said Saturday.
The expert believes that the escalation of trade war risks leading to a slowdown in the growth of the global economy and a corresponding slowdown in the growth of demand for oil.
"Just over two year ago, the Saudi-led coalition closed off all access to the country, effectively sealing Yemen off from the outside world." Beasley told CBS News: "What Yemen needs most is an end to the conflict, it also desperately needs a strong humanitarian response coupled with major economic assistance." This war risks killing an entire generation of Yemen's children who face multiple threats, from bombs to hunger to diseases .
The government is offering the insurance under the newly launched Singapore War Risks Insurance Conditions (SWRIC).
Ongoing concerns about the Saudi cover-up, Italian budget excess and China trade war risks continued to resurface and overshadow earnings windfalls.
In a new simulation exercise to show trade war risks to the global economy, the IMF modeled the effect of an all-out U.S.-China trade war, coupled with threatened global U.S.
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).
27 (BNA): Shura Council Chairman Ali bin Saleh Al Saleh received here today Arab War Risks Insurance Syndicate (AWRIS) Chief Executive Officer Kays Mahmood Al-Mudaries.
It is usual to take out three types of insurance--hull, which covers property insurance for the ship; P&I for third-party liabilities; and war risks, since hull and liability policies generally exclude them.