Contents Introduction The Current Situation Piracy Events and Impacts Insurance Industry Effects The Economic Costs and Consequences of Piracy Basics of Marine Insurance Hull Insurance Ocean Cargo Insurance War Risk Insurance
Protection and Indemnity Insurance Options for Congress Contacts Author Contact Information Introduction
Peters also reported that the US government will continue until the end of this year with providing airlines with War Risk Insurance
Coverages include hull and machinery; war risk insurance
, subject to coverage limits and exclusions for claims such as those arising from chemical and biological attacks; and standard property/casualty for shoreside assets and liabilities to third parties.
That inquiry centred on surcharges that airlines have imposed for fuel, added security since the September 11, 2001 hijackings in the United States, and higher war risk insurance
This includes euro 600 million for new regulations on compensation for denied boarding, cancellations and delays, euro 1.9 billion for failing to take responsibility for war risk insurance
and security issues and euro 3.4 billion for inefficient infrastructure and regulation.
They are expected to reiterate concerns about the high costs of security, taxes and war risk insurance
, and emphasize the threat that rising fuel poses to the industry's nascent recovery.
With regard to the insurance reimbursement program, the FAA implemented a systematic review process to determine the increases carriers experienced in their war risk insurance
premiums following the terrorist attacks and to reimburse the carriers accordingly.
The package also includes a suspension of the $2.50 passenger security fee from June 1 through September 30, costing approximately $520 million; a one-year extension of war risk insurance
; and a freeze on executive compensation for the top two executives at airlines that receive federal assistance.
The war risk insurance
and higher shipping costs may make Pakistan's exports more costly to their importers.
11 terror attacks on the United States prevented commercial airlines from operating for several days in some of their most important markets and left consumer confidence badly damaged for weeks, while the cancellation of war risk insurance
for airlines also inhibited operations.
Discussions, which followed, centered on homeland security, critical infrastructure protection, war risk insurance
, and technology requirements for combating terrorism.
In the past, courts have relied on the conventions of international law and the historic understanding of the scope of war risk insurance
to draw the line.