THE cost of claims from containership fires far exceed the loss of anything else in the industry, says marine insurance giant AXA XL, reports Sydney’s Insurance Business magazine. ‘When we examine the overall value of insurance claims, it becomes evident that fires on containerships actually far exceed any other type of loss in the industry,’ said Tom Hughes, head of marine in Australia for Connecticut-based AXA XL. The International Union of Marine Insurance (IUMI) regards fire risks as a...
https://www.seanews.com.tr/box-ship-cargo-fires-biggest-insurance-loss-in-industry/198788/