Tag: war-risk coverage

How War Insurance Keeps Your Everyday Goods Moving Despite Global Chaos

Live Insurance News
Denmark War Insurance

Denmark Plans $1 Billion War Insurance for Merchant Shipping Fleet Denmark has announced an ambitious $1 billion plan to establish war insurance for its merchant shipping fleet, an initiative designed to protect one of the country’s most vital industries in the face of growing global uncertainties. This state-backed insurance program is not just a precautionary measure for geopolitical crises; it is a reflection of Denmark’s deep reliance on maritime trade and its proactive approach to keeping commerce afloat, even in the worst situations. Why Protecting Denmark’s Merchant Fleet Matters Denmark…

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Insurance claims spike as Russia impounds almost 800 foreign-owned jets

H. Cutner
Aviation Insurance claims

Fitch and Moody’s have predicted that the potential covered losses could reach $10 billion. Russia has passed a low transferring nearly 800 jets owned by western companies to Russian airlines in response to foreign sanctions, driving a wave of insurance claims from the firms that had been leasing them there. Leasing firms have had entire fleets taken over by Russia, losing hundreds of jets all at once. The leasing firms are expected to assert that registering the jets in Russia when they were already on the books in other territories…

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