Historically, when commercial insurance was unavailable, the U.S. government created war risk insurance facilities (e.g., WWII Manhattan building, recent Ukraine coverage), and the DFC maritime reinsurance facility is a repurposing of this precedent to address the current Persian Gulf crisis.
factualpending
Speaker
Captain John ConradEvidence Quote
“if you go back to World War II, the largest building in Manhattan during World War II was the war risk insurance building... the government stepped up and said, 'Hey, we're going to underwrite these bonds.'”
Created: 8/12/2026, 6:08:21 PM
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