Russia Seized 400 Foreign-Owned Jets. Then an Epic Insurance Fight Began.

March 25, 2024

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Russia’s seizure of billions of dollars worth of foreign-owned planes has set off the biggest-ever brawl in the normally staid business of aircraft insurance. 

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Secretary of Defense Lloyd J. Austin III and Vietnam Minister of National Defense Phan Van Giang stand for the playing of the U.S. and Vietnam national anthems during a bilateral exchange at the Pentagon, Washington, D.C., Sept. 9, 2024. (DoD photo by U.S. Navy Petty Officer 1st Class Alexander Kubitza)
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