Underwritten Weekly
The risk behind the headline: A blog about the genuinely existing world of global insurance
Category: Uncategorized
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Right now, as you read this, there are roughly 400 commercial aircraft flying passengers around Russia that, legally speaking, no longer exist. They take off from Sheremetyevo. They land at Pulkovo. Families board them for holidays to Sochi. Business travellers sleep through the Novosibirsk redeye. The planes are real. The seats are real. The turbulence…
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How the US government tried to replace the insurance market, but ended up proving why it can’t A few weeks ago, the United States government tried to do the insurance industry’s job. When the Strait of Hormuz effectively shut down after the US-Israel conflict with Iran began in late February, and war risk insurers issued…
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A World Without Our Market: An Awful Dream In which we remove one building from Lime Street and watch civilisation slowly unravel. It’s Monday morning. You wake up. You make your coffee. Everything feels normal. Except overnight, something has changed. Lloyd’s of London – your market, our market, the building, the concept, the whole bloody…