London Court Orders UK-Registered Firm to Pay More Than $1M to Beirut Blast Victims June 14, 2023 By Maya Gebeily A London court has ordered a British-registered company to pay more than 800,000 pounds ($1 million) in damages to victims...
Found in Space: How Skytek Tracks Supply Chain Risks—and More December 29, 2021 By L.S. Howard Oil spills, port explosions, blockages in the Suez Canal and supply chain risks. These are just some of the events...
COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews December 18, 2020 By K. Oanh Ha and Bruce Stanley From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over...
Munich Re Expects Beirut Losses of €100 Million; Sees Slowdown in COVID-19 Losses September 8, 2020 By Stephan Kahl Munich Re said it faces claims of at least 100 million euros ($118 million) stemming from the deadly explosion that...
Lebanon’s Insurance Claims from Beirut Port Blast Total $425 Million, So Far August 17, 2020 By Dana Khraiche Insurance claims toward the massive explosion at the Port of Beirut have so far reached $425 million, according to a...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
Major Reinsurers Brace for Large Losses from Beirut Port Blast August 13, 2020 By Verity Ratcliffe and Stephan Kahl Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last...
Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter August 11, 2020 Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Ships Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port Blast August 6, 2020 By Jonathan Saul Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that...