Marine insurers still face considerable exposure to risks associated with the coronavirus pandemic, according to Allianz Global Corporate and Specialty (AGCS).
Although these claims have largely fallen on protection and indemnity insurers, hull and machinery and other marine sectors could still find themselves affected by the fallout, according to AGCS' analysis in its Safety & Shipping Review 2021.
Covid-19 infections and prevention measures have already impacted the mounting cost of wreck removal work of the 7,700-ceu car carrier Golden Ray (built 2017) at the US port of...
