As tensions from the Iran conflict ripple through global trade routes, companies are facing unexpected operational and financial strain. The disruption is exposing critical gaps in traditional insurance coverage, particularly as businesses adapt to rapidly shifting risks.
Voluntary rerouting generates costs that most standard cargo policies simply don’t cover, Bracewell’s Carlton Wilde told Global Finance.
“Those added freight, fuel, and delay costs typically fall outside covered perils,” he says. “Companies are discovering too late that their policies don’t map onto modern hybrid-warfare scenarios,” Wilde added.
