- Reuters
Insurance firms deny Chevron's $57 million claim for Iran oil seizure
HOUSTON (Reuters) -Three insurance companies have rejected Chevron's claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian military in the Gulf of Oman in April 2023 and its crude oil cargo confiscated and later transferred to an Iranian vessel. Zurich American Insurance, Liberty Mutual Insurance and Great American Insurance asked a U.S. District Court in San Francisco to uphold their rejection of Chevron's $57 million claim under both marine cargo and war risks policies the company held.
- Zacks
Here's Why You Should Watch Enbridge (ENB) Ahead of Q1 Earnings
Despite having a stable business model, Enbridge is not cheap now on a relative basis. Hence, it's advisable for investors to be cautious prior to the company's Q1 earnings announcement.
- Motley Fool
Meet the 2 Stocks Warren Buffett Confessed to Selling, as Well as the Other Core Holding He Likely Sent to the Chopping Block
The sell button loomed large for Warren Buffett and his investment team during the March-ended quarter.
