Lebanon News

Munich Re Among Insurers Facing ‘Major’ Beirut Blast Losses

Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last week’s explosion that ravaged much of downtown Beirut. Property damage alone from the blast, which killed at least 171 people …

Lebanon Officials Ignored Warnings on Chemical Tied to Blast

The volatile chemical suspected of causing the deadly explosion that flattened Lebanon’s main port had been lying in storage there for six years despite warnings from customs officials about its hazards, documents show. The ammonium nitrate — equivalent to 1,800 …