Episode 1861 • • 25:12 - 33:48
1861: Cone of Uncertainty
Lloyd's of London War Risk Premiums and Shipping Insurance
Shipping insurance rates have spiked fivefold, with war risk premiums reaching 1% of vessel value for transits through the Persian Gulf. The Joint War Committee in London, advised by private intelligence firms like Herminius, determines these high-risk zones, effectively halting traffic. Donald Trump has proposed a $40 billion U.S. government reinsurance scheme to bypass traditional London insurers.