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EU sanctions against Iran could mark a major shift in the world of insurance
Written on:February 1, 2012
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European Union sanctions against Iran’s oil trade are expected to have a significant impact on the marine insurance industry, according to the International Group of P&I Clubs, a consumer association of marine insurance providers. In July, the EU’s sanctions will be enacted and will bar insurance companies from providing coverage to ships that are transporting Iranian oil. Companies that are unwilling to comply with the sanctions or cut ties with…
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Tags:China insurance , Commercial Insurance , European insurance companies , European insurance industry , European insurance market , European insurers , European Union , europes insurance industry , insurance industry , insurance news , International Group of P&I Clubs , introduce new policies , iran oil , Lloyd's of London , marine insurance , marine insurance industry , marine insurance market. , marine insurance providers , maritime industry , self insurance
Tags:China insurance , Commercial Insurance , European insurance companies , European insurance industry , European insurance market , European insurers , European Union , europes insurance industry , insurance industry , insurance news , International Group of P&I Clubs , introduce new policies , iran oil , Lloyd's of London , marine insurance , marine insurance industry , marine insurance market. , marine insurance providers , maritime industry , self insurance
