Fire in Mahshahr Petrochemical Complex, the Largest Claim in the History of Oil Industry

Director of Iran Insurance Company's Fire Department announced that Mahshahr petrochemical complex claim is the largest claim ever in oil and petrochemical industry and will be settled as soon as due investigations are carried out.

Mohammad Rezaee added that from the very first hours of the fire, Iran Insurance Company's experts attended the site in order to estimate the claim size. It should be noted that Mahshahr petrochemical complex was insured via consortium of eleven insurance companies.

He also added that Iran Insurance Company is responsible for 55% of the claim incurred and in charge of the investigations and claim settlement on behalf of all other insurance companies.