As Science Evolves, So Must Political Risk Insurance

Law360, New York (July 15, 2016, 12:15 PM EDT) -- The explosion of scientific achievement and international interconnectivity over the last decade has provided increased opportunities for businesses worldwide. However, with global reach comes global risk as well. Individuals, corporations and conglomerates face increasing pressure to mitigate risk beyond the walls of their homes and headquarters and to consider all possible contingencies that may occur to their businesses and their interests around the world. Enter political risk insurance, a type of coverage specifically designed to help hedge against an international event that would disrupt a company's operations, such as the occurrence of political violence, nationalization of assets or currency conversion disruption. In recent years, even traditional political risk coverage has proved insufficient to address the increasing needs of life science companies that require a nuanced underwriting process to address their specific risk factors. Against this backdrop, the insurance industry continues to evolve at a rapid pace, opening up opportunities for both the admitted and surplus lines markets to expand beyond the scope of traditional political risk coverage and to craft unique and new forms of coverage....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!