Insurance Covered The Insurance Of War (With Bruce Carman)
May 22, 2023
32:00
Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Bruce Carman, Founder and CUO of HIVE Underwriters. They will be discussing aviation war insurance.
In this episode we cover:
- Why Bruce set up HIVE.
- How war insurance (risks) became separate from 'all risk' policies.
- How plane hijacking played a huge role in the war risks market.
- The impact the 9/11 attacks had on war insurance.
- What can be covered by the term 'war' (cyber attacks, political meddling, spying, other malicious acts).
- Typical exclusions and limitations from war risk policies.
- How war and terrorism risks are rated and the research that goes into these decisions.
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