Shippers gain lower cargo insurance prices

Industries

Wednesday, April 18, 2012
   Willis Global Marine, part of Willis Group Holdings, had good news for shippers as it released its Marine Market Review Wednesday.    "Cargo insurance buyers continue to enjoy the benefits of a soft market this year, achieving reductions in both premium and deductibles, as well as increases in limits, at little or no additional cost. Despite ever-dwindling returns to insurers, competition for business remains fierce with a flurry of new entrants creating excess capacity," t...
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