Insured losses from Beirut blast seen around $3 billion: sources
2249 Tuesday, 11 August, 2020, 23:40 Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say.The blast on Tuesday, the biggest in Beirut’s history, killed 154 people, destroyed a swathe of the city and sent seismic shockwaves around the region.Officials have said the blast might have caused economic losses of $15 billion.Much of these would not have been insured.However, Swiss Re estimated the insured losses for explosions at a warehouse in Tianjin, which killed at least 116 people, at between $2.5 and $3.5 billion.“Drawing a comparison with Tianjin, you will see significant insured losses,” said Ghislain Le Cam, director, analytics at AM Best. |
EU approves 13th sanctions package against Russia
413621.02.2024, 14:54Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
229619.02.2024, 12:48Bank of Georgia Group PLC announcement regarding possible transaction with Ameriabank CJSC
246415.02.2024, 21:36EU takes step to confiscate Russian assets in Ukraine's favor
416812.02.2024, 22:18New EU sanctions package to include over 200 individuals, firms
480406.02.2024, 12:24Philippot: We need to lift sanctions against Russia in order to return cheap gas to France
406906.02.2024, 00:36European Union agrees on a new 50 billion-euro aid package for Ukraine
382501.02.2024, 16:48Farmers protest over high costs, compensation payments (photo, video)
638625.01.2024, 15:18