How Piracy Impacts Marine Insurance

Description

I. Describe Piracy and the current statistics.
a. What is Piracy?
b. What is the risk involved?
c. Where is the liability?
II. What this means for the Insurer.
a. Where to increase premiums.
b. Should the responsible for having measures to prevent attacks?
III. Future
a. What is the future for Marine Insurance regarding piracy.
b. Will certain areas be excluded from insurance against pirate attacks?

Discuss this topic and provide examples.

How Piracy Impacts Marine Insurance

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