Misr Insurance pays $400,000 compensation for a navigation company

Egypt’s Misr Insurance Company says it has paid one of the navigation companies operating in the country a $400,000 compensation.

Essam Mansour, Misr Insurance’s representative in Alexandria, told Amwal Al Ghad on Tuesday that the compensation was after the port collided with naval fleets.

Misr Insurance provides insurance coverage for the navigation company’s fleet against any potential risks, Mansour added.