* 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
"No ship owner would want to send his vessel to the region for repairs since there would be massive war risk insurance
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.