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0 0.000711149588770077 -0.000958505967472643 -0.00145321872487795 0.0102343701688207 0.00609115082555182 0.00500896666872798 0.00454517345866047
Stock impact report

The cost of ‘war insurance' in the Gulf has risen 1,900% [Yahoo! Finance]

Aon plc Class A Ordinary Shares (Ireland) (AON) 
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
A $100 million policy covering damage from war and terrorism that would have cost $250,000 per year before the outbreak of hostilities costs $5 million today, said Joe Peiser, CEO of Risk Capital at Aon, the giant insurance brokerage. Before the war, data-center developers could purchase up to $3 billion of coverage for a single property, he said; “Today the max we could probably do is $100 million.” Iranian drones struck two Amazon Web Services data centers in the United Arab Emirates in the early days of the war. Dubai's luxury Fairmount hotel was set on fire by debris from an Iranian missile. Iran's Revolutionary Guard warned on Tuesday that the Middle East facilities of 18 US companies??, including Microsoft, Google, and JPMorgan, would be considered “legitimate targets.” Know More Traditional commercial insurance policies don't cover armed conflict, sending property owners and developers to the specialty war market. Peiser estimated that global insurers like Lloyd's of L Show less Read more
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