Insurer ordered to pay $15 million for troubled cargo ship
Share!
Business Insurance - Jun 01, 2020
Australian regulators have ordered U.K.-based Steamship Mutual Underwriting Association Ltd., the insurer of cargo ship APL England, which lost around 50 containers in rough seas off the coast of Sydney on May 24, to pay $22 million Australia ($15 million) under the Protection of the Seas Act....
Recommended Articles