15 Hrs
Source:
الاقتصادية
Allianz warns of major claims from Iran ship damages
Allianz Company expected that the insurance sector would face significant claims due to damages caused to cargo ships during the Iran war. The company received claims related to total losses of ships, with the value of shipments stuck in the Gulf up to June 15 estimated at $125 billion. Insurance premiums saw a noticeable increase as a result of the conflict, with the possibility of ships paying over a million dollars per voyage through the Strait of Hormuz, amid repeated attacks on vessels with missiles and drones, causing damage to ships and cargoes. The company's report confirmed that loss of life and physical damage are the main reasons, and the incidents include container ships and oil tankers targeted during the conflict.
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