Israeli insurers are charging lower rates for war risk coveragefor cargo ships going into Israel than the London market, Aonbrokerage reports.

Chicago-based insurance broker Aon said the cost of premiumscharged by London for cargo ship war coverage has tripled in somecases.

Aon's London office said in a report that during the fightingbetween Israel and the Lebanon-based militant group Hezbollah,Israel's port of Haifa has more or less closed with cargo shipsbeing diverted to Ashdod.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.