Tianjin is a "wake-up call" to cargo insurers, says IUMI cargo chairman
Nick Derrick, chairman of the International Union of Marine Insurance cargo committee, told this year's conference the explosions in Tianjin on 12 August are a "substantial wake-up call."
Speaking in Berlin, Derrick, an underwriting manager at Travelers Syndicate, said the losses, which will cost the cargo insurance industry a minimum of $1.5bn, were having a significant impact on the
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