Lebanon: Insurers pay out less than 10% of claims 12 months after Beirut Port blast

Published on: 5/08/2021

Of an estimated $1.1bn in insured losses caused by the 4 August 2020 Beirut Port explosion, only about $100m have been paid to date, according to Mr Assaad Mirza, a board member of the Association of Insurance Companies of Lebanon and the chief executive of Capital Insurance & Reinsurance.

Source: Middle East Insurance Review