How Economic Sanctions Impact The Insurance World

Law360, New York (February 2, 2015, 10:05 AM EST) -- Economic sanctions are intended to promote certain foreign policy interests and geopolitical goals of the issuing country. In the case of the United States, sanctions are a quick and relatively easy mechanism employed by the executive branch that are intended to punish a subject country and/or targeted individuals to further national interests and foreign policy goals. In the process, however, sanctions may also have a profound direct and intended, as well as indirect and unintended, effect upon commercial activity of many others.

It is unclear the extent to which sanctions actually deter or truly move or alter the actions of those...

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