Introduction

OPIC has an impressive public record of managing political risk insurance claims. As of September 30, 2004, it had made 279 political risk insurance claims settlements, totaling $914.7 million, and denied 25 claims, 13 of which were submitted to arbitration. It has thus paid more than 90 percent of claims in which final determinations have been reached. The pattern of claims has changed considerably over OPIC's history. Sorted by coverage, inconvertibility claims predominate (172 claims, 62 percent), followed by expropriation claims (63 claims, 23 percent), and political ...