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:
- Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources
- 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
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Topics Claims
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