Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some...
FILE PHOTO: El Al Israel Airlines planes are seen on the tarmac at Ben Gurion International airport in Lod, near Tel Aviv, IsraelLONDON - Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said.
Israeli's parliamentary finance committee last week approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. "Certain underwriters have not allowed or not provided insurance for war risk and other allied perils insurance for some operators," Garrett Hanrahan, Marsh's Global Aviation Leader, told Reuters.
"Insurers want regular updates - each airline has a different risk profile and therefore different risk mitigation strategies," said a spokesperson for insurance buyers' association Airmic's aviation group.But they may be required to leave their aircraft on the ground at airports in Tel Aviv or Beirut for no more than three hours, for example, or to avoid refuelling stops at those airports, two sources added.
Norwegian Air cancelled a planned evacuation flight last week due to lack of insurance to fly via Tel Aviv, but later scheduled a new flight from Eilat in southern Israel. There was a feisty back-and-forth at Trump's New York fraud trial, with accusations of perjury, witness intimidation, and playing to the press.Jonathan Ernst/ReutersSpecial counsel Jack Smith has withdrawn a subpoena seeking records from Save America, the political action committee aligned with former President Donald Trump, The Washington Post reported late Tuesday.
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