Latest News
19/01/2021
Thousands Still Wait for Compensation Amid Delay of Beirut Port Blast Investigations
Five months on from the devastating Beirut port explosion that killed over 200 people, and injured thousands more, many claimants inquire about the fate of compensations they expect to receive from insurance companies pending the release of an official report on the cause and nature of the blast.
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09/01/2021
Lebanon: $10 Billion Stocked In People’s Homes, Companies
The Lebanese are stocking their cash inside their homes or companies due their lack of trust in the country’s banking system.
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24/11/2020
$1.1 billion in insurance claims are being sought in fresh dollars
More than 14,700 insurance claims for damages resulting from the Port of Beirut explosion have been reported by November 6 with a total value of LL1.66 trillion ($1.1 billion at the official exchange rate of LL1,507), according to a report by the Insurance Control Commission (ICC).
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07/11/2020
Thousands of Lebanese caught in insurance trap after Beirut port blast damage
Owners of damaged homes and businesses are still waiting for insurance companies to pay compensation three months after August 4 explosion
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01/10/2020
Lebanon’s Health Minister Hasan says hospitals can’t hike exchange rate
Caretaker Health Minister Hamad Hasan tried to reassure anxious Lebanese Thursday that the price of hospital fees and medicines would not increase, as the head of the Private Hospitals Syndicate warned that hospitals would soon adjust their pricing of the dollar.
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01/10/2020
Liberalization of dollar exchange rate at hospitals leaves people dying in their homes in Lebanon
The American University of Beirut Medical Center (AUBMC) has adopted the banks’ approved dollar exchange rate, which is 3,900 Lebanese pounds, in a number of its departments instead of the official exchange rate
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20/09/2020
Complaint handling specialist engaged to help with Beirut port insurance claims
Conflict between businesses and insurance companies concerning responsibility for damages from the 4 August Beirut port explosion has erupted into the open, pushing a major trade chamber to engage a complaint handling specialist to negotiate between the two sides.
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13/09/2020
Insurers await Beirut port investigation report
The only obstacle to paying all the insurance claims resulting from the unfortunate 4 August blast at the Beirut port is that there has been no release yet of the report on the investigation into the explosion
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