The Shipping Insurance Story Behind Rising War Nerves Is Bigger Than Most People Realize
Shipping insurance sounds like a niche industry problem until war risk suddenly gets repriced. Then it becomes everybody’s problem. Reuters reported in March that maritime war-risk premiums in the Gulf had surged by more than 1,000% in some cases, with coverage quotes jumping from around 0.25% of a ship’s value to as high as 3% … Read more