Chevron's $52M Iran Oil Seizure Loss Not Covered, Court Told

By Ganesh Setty (May 8, 2024, 4:47 PM EDT) -- Three insurers have told a California federal court they owe no coverage to Chevron under separate marine cargo and war risks policies after the oil giant said the Iranian military seized a vessel carrying nearly $52 million worth of Chevron's crude oil in retaliation for U.S. economic sanctions....

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