STORMY SEAS
Shipping insurers threaten to cancel policies after Iran strikes
Maersk halted sailings through the Suez Canal and Bab el-Mandeb Strait, the point connecting the Red Sea to the Gulf of Aden and Indian Ocean
Sahar Al Attar/ AFP via Getty Images
A navy vessel is seen sailing in the Strait of Hormuz
Add The Circuit on GoogleInsurance companies are telling ship owners they may cancel policies and raise coverage prices as much as 50% for vessels traveling through the Gulf and Strait of Hormuz, the Financial Times reports.
Cargo war risk insurers –...
