Beirut blast: Lebanese seek $425m compensation from insurance firms

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Beirut, Aug. 17, 2020 (Xinhua/Naija247news) The Lebanese Economy Minister, on Monday, said that 2,500 people have applied to insurance companies for compensations, totalling $425 million for the damage caused by the Beirut explosions.

Raoul Nehme said the number of applications is expected to reach 10,000, the National News Agency reported.

Nehme’s remarks came during his meeting with President Michel Aoun and a delegation representing insurance companies.

Urging insurance companies to compensate the victims’ losses, Aoun said the Economy Ministry would assist those who have problems with insurance firms in this regard.

Two huge explosions rocked Port of Beirut on Aug. 4 at around 6.10 p.m. local time (1510 GMT), shaking buildings all over Lebanon’s capital and killing at least 177 and wounding 6,000 others.

The explosions caused billions of dollars in losses in Lebanon.

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