Increasing Risk, Decreasing Reward
As conflict in the region intensifies and flight cancellations mount, aviation war insurers are making ready to cancel coverage for a number of air-carriers domiciled in Israel and Lebanon; so state industry sources with knowledge of the matter. Aviation war insurers based in Europe, the United States, and the Lloyd's of London market are legally entitled to issue seven-day notices of cancellation or other changes to policy terms and conditions in the event a major conflict is determined by underwriters to pose a legitimate threat to commercial aircraft operations, thereby rendering long-term insurance coverage overly-risky.
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