Insurers Brace for Missile Risk as Hormuz Tensions Drive Up Premiums
Las aseguradoras se blindan ante los misiles
Summary
The escalating tensions around the Strait of Hormuz are sending shockwaves through the insurance industry, with war-risk premiums soaring as carriers and underwriters scramble to reassess their exposure. Lawyers specialising in maritime and aviation insurance are urgently reviewing risk maps and rewriting policy clauses to account for missile threats and potential shipping disruptions. The standoff is also setting the stage for potentially massive legal disputes as policyholders and insurers clash over what qualifies as a covered risk.
Preview
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