Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino

marindependent

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Not sure where I saw this request but in regards to the Ukraine invasion by Russia, here is an OK article about it from the Insurance Journal

"“It’s important to bear in mind that standard property and energy policies issued to the types of insureds most likely to have suffered losses due to the conflict typically contain broad exclusions for losses arising at a war and other hostile acts,” Zaffino explained. For those with affirmative coverage for these types of losses, most would fall under political violence, political risk and trade credit, aviation, and marine coverages."
 

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