Mideast Unrest May Cause New Crop Of Coverage Fights

Law360, New York (February 25, 2011, 7:00 PM EST) -- Oil, gas and other industries with large Middle East operations may find themselves in coverage disputes with their political risk insurers amid a spike in claims caused by mounting political unrest, experts say.

As companies evacuate personnel in Libya, Egypt and other countries that have seen protests and outbreaks of violence, disputes may arise over whether alleged losses were actually caused by political upheaval, attorneys and security officials told Law360.

"Political risk coverage will cover many different types of losses, but you have to be able...
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