by rw | Sep 1, 2008 | Articles, Claims, OPIC, PRI Claims
The Overseas Private Investment Corporation (OPIC) has long experience arbitrating PRI claims. We invited Robert O’Sullivan, OPIC’s Associate General Counsel, Insurance Claims, to discuss that experience and OPIC’s views of arbitration as a means of dealing with...
by rw | Sep 1, 2008 | Articles, Claims, PRI Claims
A PRI policyholder may make one or more unpleasant discoveries when a political risk loss occurs: The policy doesn’t address what happened or doesn’t clearly do so Policy exclusions or limitations bar or diminish compensation Recovery under the policy is barred or...
by rw | Sep 1, 2008 | Articles, Lenders Cover, PRI Products and Coverages, PRI Wordings
After years of contentment with the wordings that have been developed in the commercial political risk insurance market since its start 40 years ago, one has recently noticed a shift from insurers’ traditional protection towards contracts which are more favorable to...
