Allianz SE warns the insurance industry faces major claims from Iran war damage to ships, with premiums spiking over 1,000% and 15,000 firms at insolvency

Allianz SE warns the insurance industry faces major claims from Iran war damage to ships, with premiums spiking over 1,000% and 15,000 firms at insolvency

An estimated S$162 billion in vessels and cargo were trapped in the Persian Gulf as of June 15. Read more at straitstimes.com. Read more at straitstimes.com.