Victory for insurers in $77m 'pirate attack' fraud case
A High Court judge has ruled that insurers do not need to cover the cost of an alleged pirate attack on an oil tanker because the ship’s owner was responsible for the incident.
The ruling relates to a claim filed by Marios Iliopoulos and his mortgagee banks stating that the vessel, Brilliante Virtuoso, was attacked and destroyed by Somali pirates in 2011.
Legal proceedings
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