Lebanon’s Insurance Claims from Beirut Port Blast Total $425 Million, So Far

Insurance claims toward the massive explosion at the Port of Beirut have so far reached $425 million, according to a minister.

Caretaker Economy Minister Raoul Nehme said 2,500 claims have been filed, according to the presidency’s Twitter account. The ministry expects claims to reach 10,000.

Nehme met Lebanon’s president along with a delegation from insurance companies.

Photograph: A deadly explosion on Aug. 4, 2020 destroyed residential apartment blocks near the Port of Beirut in Lebanon. This photo was taken on Thursday, Aug. 6. Photo credit: Hasan Shaaban/Bloomberg.

Related:

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• Major Reinsurers Brace for Large Losses from Beirut Port Blast
• Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter
• Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources
• After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures
• Ships Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port Blast

Topics Claims