The ongoing negotiations between the UK P&I Club and the Suez Canal Authority (SCA) over its $916m claim for the grounding of the 20,388-teu Ever Given (built 2018) that clogged the waterway in March could not have come at a worse time for protection and indemnity insurers.
The fallout from the incident that began on on 23 March 2021 continues just as the International Group of P&I Clubs is...
