ArticlesOPINION: When War Disrupts Insurance | The Expanding Risk Landscape of the Iranian Conflict
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OPINION: When War Disrupts Insurance | The Expanding Risk Landscape of the Iranian Conflict
The war involving Iran, Israel and the USA raises many complex insurance and risk issues. The wholesale suspension or termination of multiple insurances may be anticipated in such conditions, but the repercussions for multiple parties are more widespread, costly and...
23 Mar 2026
3 mins read
The war involving Iran, Israel and the USA raises many complex insurance and risk issues.
The wholesale suspension or termination of multiple insurances may be anticipated in such conditions, but the repercussions for multiple parties are more widespread, costly and serious than expected.
The following article traces the history of war risks and marine insurance, while concentrating on policy exclusions, termination conditions and their implications.
It does not claim to be exhaustive, as the situation literally changes daily, as do the associated insurance and risk exposures.
History of War Risks and Marine Insurance
When marine insurance was originally designed in Europe and London in the 16th and 17th centuries, war was included and regarded as a “peril of the sea”.
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