Aviation War Insurers Cancel Some Cover for Israel and Lebanon

         

Summary: Aviation war insurers are canceling coverage for certain airlines based in Israel and Lebanon due to the ongoing conflict in the region.

Aviation war insurers are canceling coverage for certain airlines based in Israel and Lebanon due to the ongoing conflict in the region. Insurers in Europe, the United States, and the Lloyd’s of London market can issue a 7-day notice of cancellation or other changes in the event of a major conflict that poses long-term insurance risks. Israeli flag carrier El Al Airlines, Israir, and Arkia have previously stated that they can receive such notices due to the war between Israel and Hamas. Israeli airlines have now received cancellation notices, and some insurers are looking to withdraw coverage. The Israeli government recently approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks for Israeli airlines. While Israeli carriers have continued to fly, most foreign airlines have canceled flights to Tel Aviv.

Tags: aviation, war insurers, Israel, Lebanon, conflict

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