
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, February 2, 1991                   TAG: 9102020213
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

INSURERS LOWER RATES ON COMMERCIAL TRAFFIC

In a move reflecting doubts that Iraq effectively can strike commercial targets in the Persian Gulf, insurance underwriters sharply lowered premium rates Friday for marine and air cargo going into the war-torn area.

Reports coming out of London indicate that Lloyd's of London, the world's largest group of insurance underwriters, cut rates by half for marine cargo going into Qatar, Bahrain and several other gulf ports. Marine rates into Iran were cut even further - to 0.75 percent of the value of goods shipped as against the previous day's rate of about 2 percent. - Los Angeles Times

by CNB