News Formal

Explainer: Can companies leaving Russia recoup losses through insurance?

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm.

The following is a look at how insurance and international arbitration might soften the blow to those companies, which stand to lose billions of dollars:Register

Berne Union, a trade association representing political risk insurers, estimated that $1 billion in new political risk insurance was written in Russia in 2020, its most recent data.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No!

Considering the amount of time I have spent in bitcoin and stock I think I prefer Bitcoin over stock, Bitcoin is a better side income I'm having a wonderful crypto journey with MarkdonaldTowns.

Force majeure, insurrection and war clause usually limit insurance coverage.

Nice report

Never change your life f

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OneWeb turns to SpaceX for help after Russia refused to launch company’s satellitesThe exact terms of the new deal are under wraps. The broomsticks are taking over! I had to look hard to find Verge coverage of SpaceX helping Ukraine. Wow, Verge. How deep is that grudge?
Source: verge - 🏆 94. / 67 Read more »