A new report indicates that insurers that underwrite political risk, trade credit and war risk coverages may be impacted by the tensions in the Middle East. Global credit rating agency AM Best has issued a new report entitled “Latest Middle East Turmoil Generates Additional, Familiar Exposures for Insurers; Regional Economy May Feel the Broader Brunt.” It notes that due to the increased risk rates have already jumped for marine and aviation companies operating in the region. Business interruption claims could rise if there are port closures, production halts etc.
