The devil and the deep blue sea
With the value of transported goods increasing in cost and decreasing in size - meaning cargo ships carry containers with much higher price tags on them - and the experience of ship crews falling, there is little wonder that high-cost marine claims rose sharply last year. Sam Barrett takes a closer look at a competitive market that is bedevilled by risk
Earlier this year, the International Union of Marine Insurance warned that underwriters and protection and indemnity clubs were facing a tide of high-cost claims, with few signs of improvement on the
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