The geopolitical drama unfolding with respect to Venezuela is loaded with opportunity and fraught with political risk arising from both Venezuelan and U.S. government actions. The country is still headed by a regime the U.S. government officially does not recognize, while a government that the United States does recognize stands…
Articles Posted in Political Risk
When Politics Disrupt the Flow: What Policyholders Need to Know About Supply Chain and Political Risk Coverage
In today’s volatile global economy, companies are learning the hard way that political shocks—whether through trade sanctions, military conflict or abrupt regulatory change—can wreak havoc on supply chains. And worse, many are discovering that their existing insurance coverage may not offer relief. From soaring oil prices due to Middle East…
Insurance Coverage Considerations for Tariff and Trade-Related Losses
Since President Trump took office on January 20, 2025, the administration has implemented significant changes to U.S. trade policy, including most notably with respect to tariffs. Within weeks of taking office, the White House announced changes to tariffs on steel and aluminum which placed a tariff of 25% on all…
Forced to Flee: Insuring Against Political Risks
IKEA’s Billy bookcase—so popular that one is reportedly sold every 10 seconds—recently got even cheaper, at least for Russians. IKEA is holding a fire sale as the company closes its stores and exits the Russian market. The Swedish furnituremaker’s exit from Russia is just the latest in a string of…
Insuring Political Risk in the United States
On March 13, 2020, three plainclothes police officers forced entry into an apartment and fired some 32 shots. A woman sleeping in her bed was shot six times and died. On May 25, 2020, a Black man was killed during a routine arrest when a police officer knelt on his…