Rachel Siemba
Fellow at the Center for a New American Security focused on economics, finance, and security issues, who explains insurance-driven shipping disruptions in the Persian Gulf.
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Mar 10, 2026 • 9min
Will Trump’s shipping insurance plan work?
Maximilian Hess, a political risk consultant who advises on war insurance and maritime risk, and Rachel Siemba, a security-focused economist at CNAS, unpack why over a thousand ships are stuck near the Strait of Hormuz. They explore surging war-insurance premiums, how reinsurance proposals aim to lower costs, coverage gaps like crew and environmental risks, and the practical limits of using a DFC backstop.
