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.
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Force majeure, insurrection and war clause usually limit insurance coverage.
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Source: verge - 🏆 94. / 67 Read more »