Shipping insurers threaten to raise prices after $1bn fine for plastic spill
Insurers lobby Sri Lankan president to intervene after supreme court imposes significant penalty that could rise further
Insurers lobby Sri Lankan president to intervene after supreme court imposes significant penalty that could rise further

Rating agency says surging market’s opacity and illiquidity could pose risks to the industry

The costs of inaction are stark, but prevention is a bargain

Industry is exposing itself to steepening losses on natural catastrophe cover

Brokers say cost of cover to increase by as much as 50% after conflict erupts

Shipowners quoted millions of dollars in premium as brokers grapple with risk

Policymakers should act to ensure greater transparency of the increasing amount of private transactions