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Lebanon: Imaginary Numbers. Insurance policy prices have doubled

Insurance companies in Lebanon have raised the value of war risk insurance policies for commercial enterprises to more than four times the previous price. Insurance companies operating in Lebanon justified this by saying that international reinsurers see in Lebanon additional risks that require this step, to the extent of refraining from selling policies as a result of the ongoing war in the region, especially in the southern regions of Lebanon.

Source: ELMorakebgroup