Lebanese citizens write words in front of the scene of the August 4th explosion that hit the seaport of Beirut, Lebanon, Sunday, Aug. 9, 2020. Public fury over the massive explosion in Beirut took a new turn Saturday night as protesters stormed government institutions and clashed for hours with security forces, who responded with heavy volleys of tear gas and rubber bullets. (AP Photo/Hussein Malla)
Early estimates project insured losses to total around $3 billion from the Beirut port disaster on Aug. 4, according to insurance sources cited by Reuters.
The explosion, which officials have blamed on highly explosive ammonium nitrate stored at the port, killed 154 people and leveled areas of the capital city. The blast was so powerful that it could be heard in Cyprus across the Mediterranean Sea.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
