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 Conrad

Evidence 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.'

Source

Here’s Why Trump is in No Rush to Reopen the Strait of Hormuz | John KonradHidden Forces
Created: 8/12/2026, 6:08:21 PM

My Notes

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