By Sergio Oehninger, Peter Sharp and Paul Mesquitta (August 15, 2022, 6:18 PM EDT) — The conflict in Ukraine and actions taken by and against Russia continue to wreak havoc on global business operations, causing supply chain disruptions, interruptions in operations and the loss of assets located abroad. With these losses multiplying at a time of economic uncertainty, now is the time for an insurance checkup.

International retailers, manufacturers, service providers and technology companies have curtailed, discontinued or are in the process of discontinuing operations in Russia.

Losses reportedly exceed $59 billion. Russian entities that leased aircraft from international companies have failed to return the aircraft after lease terminations. Disruptions in the supply of strategic metals,…