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Iran's shipping industry suffers as foreign insurers withhold coverage

  • Locke Lord LLP
  • -
  • Iran
  • -
  • July 28 2010

According to a recent article in the Washington Post, "Tehran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of U.S. laws, the insurers say."

London insurers: Iran on high risk area list as sanctions loom

  • Locke Lord LLP
  • -
  • Iran, United Kingdom
  • -
  • March 31 2010

According to a recent report from Reuters, London's marine insurance market has added Iran to a list of areas deemed high risk