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Association of Insurance Companies in Lebanon

Association of Insurance Companies in Lebanon latest

Lebanon: Insurance Industry to Pay Significant Explosion Bill
September 10th, 2020 - 08:00 GMT

Lebanon: Insurance Industry to Pay Significant Explosion Bill

Five weeks after Beirut’s devastating explosion, uncertainty remains surrounding the total cost of losses to insurers amid an ongoing investigation into the cause, Arabian Business reported on September 9th. The blast on August 4th, caused by 2,750 tons of ammonium nitrate stored improperly for years at the port, devastated much of the city center. More than 200 people are dead or missing, 6,500 wounded, and an estimated 300,000 are homeless ...
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