Marine insurers withdraw war risk coverage for ships in Iran

Several marine insurers, including Gard, Skuld, NorthStandard, the London P&I Club, and the American Club, are canceling war risk coverage for ships operating in Iranian waters and the Gulf, effective March 5. Japan’s MS&AD Insurance Group has also suspended underwriting war risk policies in the region. The decision follows escalated tensions after U.S. and Israeli strikes on Iran, leading to navigation closures in the crucial Strait of Hormuz and halting shipments of crude and liquefied natural gas.

Want More Context? 🔎

Perspective Meter

LeftCenterRight

?

Bias score hidden

Left-Leaning Coverage

Right-Leaning Coverage

AI Summary

Upgrade to Tidal Access to see the bias score