Exclusive-Aviation war insurers cancel some cover for Israel, Lebanon-sources

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Jun 17, 2007
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Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said. Aviation war insurers based in Europe, the United States and the Lloyd's of London market can issue a 7-day notice of cancellation or other changes to terms and conditions in the event of a major conflict they feel will make the long-term insurance risk too great. Insurers for Israeli flag carrier El Al Airlines, Israir and Arkia have previously said they can issue such notices due to the war between Israel and the Palestinian group Hamas.
 
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