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International

Marine insurer plans general increase amid costlier claims

December 13, 2021 Reprints

Mutual marine insurer The Swedish Club has announced a 12.5% general increase in protection and indemnity insurance rates for 2022, Hellenic Shipping News Worldwide reported. The increase comes in response to the challenging P&I insurance conditions, pricing inadequacy and growing claims relating to legislation, social inflation as well as COVID-19.

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Marine insurer plans general increase amid costlier claims

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