TATA AIG General Insurance excludes Red Sea route, others raise premiums

With ships passing through the region becoming the target of increasing attacks and the resultant declaration by the JWC of Lloyds and other reinsurers of these waters as a high-risk area for shipping, major global shipping companies have proactively decided to avoid taking this route, a Tata AIG spokesperson said.

from Stocks-Markets-Economic Times https://ift.tt/pszPYIb
via IFTTT