The insurance company "eats" people one....just like buy private medi shield insurance when make claim first deduct Cpf medisave and govt subsidy than the remaining sum claim from them: in the end no claim from them one...
Because war or natural disaster can affect many many flights in a systemic fashion travel insurance won't cover because it leads to catastrophic losses.
Insurance companies exist to make money.
They are not charities.
These events we add in in contracts under items like
Acts of God
Nice titties
