International Group of P&I Clubs chairman Paul Jennings has used a YoutTube video to provide his view of a dramatic rise in pool claims costs over the past two years.
The grouping of 13 protection and indemnity insurers, which share the cost of claims over $10m in a pooling system, have been hit by massive pollution and wreck removal bills for casualties such as the 7,700-ceu Golden Ray (built 2017) and 203,000-dwt Wakashio (built 2007).
