London insurers add Iran to high risk areas list
London's marine insurance market has added Iran to a list of areas deemed high risk ahead of possible U.S.-backed sanctions, the Lloyd's Market Association (LMA) said Monday. Western powers want the U.N. Security Council to approve a resolution imposing new sanctions on Iran which they suspect of developing nuclear arms under the cover of a civilian nuclear energy program. Tehran says its energy plan is peaceful. The London marine insurance market plays an influential role in the global marine insurance industry. Through its Joint War ...
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