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Beirut port explosion, new loss estimate

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Magazine Issue: 
Covid-19, insurers back to worrying times [3]
Magazine date: 
Oct 2020

Beirut port explosionAccording to the latest estimate of the Association of Insurance Companies in Lebanon (ACAL), the economic damage caused by the explosion in Beirut [4] is believed to reach 7.5 billion USD. The insured losses range between 1 and 1.5 billion USD.

The devastating explosion took place on 4 August 2020, causing the death of 220 people. The disaster left considerable damage to the port area and buildings located several kilometers away.

Wed, 14/10/2020 - 12:14

Source URL: https://www.atlas-mag.net/en/article/beirut-port-explosion-new-loss-estimate

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[3] https://www.atlas-mag.net/en/issue/covid-19-renewed-concern-among-insurers
[4] https://www.atlas-mag.net/en/article/beirut-explosions-ammonium-nitrate-causes-a-disaster