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From cyber claims to the cutting of business ties, the reverberations from the Russian invasion of Ukraine are felt across global P&C insurance markets.
The war in the Ukraine raises the question of what kind of insurance coverage could apply in the event of a nuclear attack?
Analysts with Forrester offer insights into the steps risk management professionals should take as Russia's aggression continues in Ukraine.
Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims.
Following the invasion of Ukraine, managing sanctions risk becomes more complicated for enterprises with any exposure to international commerce.
The Russian law discontinues insurance transactions with 'unfriendly countries,' including the U.S., Canada, U.K and the EU, until Dec 31, 2022.
While acts of war are typically excluded from coverage, assigning culpability for a cyberattack remains a Herculean task.
While direct exposure is limited, AM Best reports that U.S. insurers might face 'significant' indirect exposures.
The experts at FC&S take a deep dive into the repercussions the invasion is having on the insurance world.
Often the best courses of action are legally informed but ultimately are not legal action.