Maduro Removal Raises Insurance Questions Around Oil, War

Heather Habes’ commentary was featured in a Law360 article examining the insurance implications arising from the operation to remove Venezuelan President Nicolás Maduro from power. The article explores how differing governmental characterizations of the operation may affect insurance coverage, including war risk or political risk.

Heather noted that statements by various governments could shape arguments for both policyholders and insurers as they assess whether the events in Venezuela qualify as insurrection, uprising, or other conditions. She emphasized that policyholders may rely on different descriptions of Maduro’s removal depending on their policy language, applicable jurisdiction, and relevant court decisions. She also advised that businesses operating in the region should closely review their policies.