Iran insurance processing may soon be blocked on Lloyd’s IT platform

Iran Insurance processing could be blocked - brick wall

Sanctions from the United States will likely get in the way of using the platform for this purpose. New U.S. sanctions will likely make it impossible to purchase any form of Iran insurance using a Lloyd’s of London platform. This will only worsen struggles for European insurers that have been providing Iranian coverage. The sanctions are being re-applied by the United states after it backed out of the nuclear deal. President Trump walked out on the Iran nuclear deal in May. The remainder of the world powers that originally joined…

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