BUSINESSglobal
US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
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Updated 2 hours ago
First seen March 17, 2026 11:45:40Stay on top of this story
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Quick Summary
The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, according to Moody’s Ratings, without coverage of liability risk, …