Pirates force marine insurance price hike

"Munich Re expects insurance premiums against sea piracy to rise following a spate of pirate attacks off the Somali coast.
Dieter Berg, Munich’s head of marine insurance, told Reuters that insurance rates are rising in all markets - marine insurance being no exception.
Payouts from current claims are pushing premiums up, Berg said.
He added that the risk [...]" (2009-1-30)
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