Insurers Cancel War Risk Coverage for Ships Amid Iran Conflict

Two leading insurance companies have cancelled war risk coverage for ships, effective March 5, due to escalating conflict in Iran and the Middle East. This decision may impact international trade and shipping.

Insurance companies Jardine and Skuld announced on Monday that they are cancelling war risk coverage for ships due to the conflict in Iran and the Middle East. The companies stated in their announcements that the cancellations will take effect from March 5th. This decision comes amid escalating tensions in the region, which pose additional risks to maritime navigation.

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