The effects of warfare can be felt well beyond the battlefield. Businesses are interrupted, property damaged, lives lost—and those at risk often seek to protect themselves through insurance. The premiums that insurers charge, however, rarely account for the immense destructive capacity of modern militaries, making wartime claims a potentially existential threat to their fiscal solvency.
Aaron Klein is a fellow in Economic Studies and serves as policy director of the Center on Regulation and Markets. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy. Previously, Klein directed the Bipartisan Policy Center’s Financial Regulatory Reform Initiative and served at the Treasury Department as deputy assistant secretary for economic policy.
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