Insurance Decision Prompts Return of Alleged Syrian Arms Shipment

Here is an example of insurance coverage making significant international news in the on-going conflict in Syria. CNN reports that a Russian ocean carrier, Femco, has purportedly stopped a voyage of one of its ships from Russia to Syria, after the English Insurer pulled its coverage for all of Femco's ships based on the report of the Syrian-bound vessel was carrying arms.

According to new reports, UK Marine insurer, The Standard Club, revoked coverage for the Femco line when informed of the allegations it was carrying arms to Syria.