Delays due to the Suez Canal blockage will almost certainly lead to hundreds of millions of dollars of insurance claims against the ship operator and their insurer. One of the biggest container ships in the world ran aground on Tuesday fully loaded and is blocking passage through the Suez Canal. Ships are stopped and it’s resulting in global supply chain disruptions, perishable goods are expiring, missed delivery deadlines additional shipping cost and more.
Not sure who the liability insurer is yet. (It isn’t us.)