Chubb announces war-risk coverage to support ships through Strait of Hormuz

March 20 (Reuters) - Insurance giant Chubb said on Friday its maritime insurance facility will now be available to ships transiting ‌the Strait of Hormuz where traffic has been paralyzed ‌due to the U.S.-Israel conflict with Iran. Chubb will be the lead partner on the ​U.S. International Development Finance Corporation's $20 billion Maritime Reinsurance Plan aimed at resuming commercial shipping in the Gulf, the agency said last week. So far, there has been no let-up in hostilities and no sign ships ca ...