Russia Seized 400 Foreign-Owned Jets. Then an Epic Insurance Fight Began.
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Insurers and Owners Clash Over Stranded Planes During Ukraine Conflict #
Insurers and aircraft owners find themselves in a dispute over the responsibility for covering the costs of airplanes that were left stranded at the beginning of the conflict in Ukraine. It is a battle between insurers, who argue that the planes were grounded due to the war and should be covered, and aircraft owners, who assert that the insurers should compensate them for the losses. The issue remains unresolved as both parties continue to debate who should bear the financial burden.