News from Quartz:

Since the advance of ISIL into northern Iraq two months ago, foreign businesses have scrambled to obtain fresh or added insurance against political risk and violence. But if they had none prior to the current trouble, they are finding it difficult to obtain insurance now, according to a leading insurance provider.

ISIL, the brutal terrorist army in Iraq and Syria, shook up the region with its lightning June 10 conquest of the northern Iraqi city of Mosul. Companies operating in northern Iraq and Baghdad have withdrawn most expat staffers from the country, or shifted them elsewhere within Iraq. By one estimate, the exodus includes 80% of the expat population of Erbil, capital of Iraqi Kurdistan.

In addition, companies have reassessed the exposure of their businesses and assets like buildings and equipment. “When you hear this kind of headlin……….. continues on Quartz.

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