Cargo War Risk Insurance 2026: Practical Guide for B2B Shippers
A two-front war risk crisis across Hormuz and the Red Sea, premiums that climbed to ~5% of vessel value as the strait effectively closed, P&I war cover cancelled in the Gulf, and a US $40bn backstop that never wrote a policy — this is the war risk insurance landscape B2B shippers face in 2026. A practical guide to coverage gaps, current premiums, and how to buy protection before cargo moves.
