Cost of nautical-related claims back to high levels in 2011
The average cost of nautical related-claims has climbed back to high levels in 2011, according the Nordic Marine Insurance Statistics database, but may stabilise at the current rate.
According to figures from the NOMIS database, the average cost of claims per vessel for 2011 continues the high 2010 level, ending a downward trend from the peak years 2007/2008.
The level of claims
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