Subscribe to RSS feedInsurers weigh risk of bigger ships
BIGGER ships and larger cargoes have ensured that shipping and its customers in recent decades have enjoyed ever-larger economies of scale – but for marine insurers this growth in size has brought increased risks and exposures.
The rising cost of claims has exerted increasing pressure on shipping’s insurers, who now face the challenge of providing cover for vessels that are growing in scale across the shipping sectors.
Marine insurers gathered in Cannes recently to assess...
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