image credit: Unsplash

Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday.

Two seafarers have been killed and six merchant vessels hit by projectiles – sinking two of them – around Ukraine’s coast since the start of Russia’s invasion of its neighbor on Feb. 24.

Read More on Insurance Journal