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Liability Risk and Insurance

Modest increases for ship owners’ P&I premiums

Ship owners are facing a more modest range of general increases, at 4.54% on average, on their protection and indemnity (P&I) premiums at the annual February renewal, according to Aon. The broker has forecasted that the 2010 round of increases will generate an extra $159mn for P&I clubs in its P&I 2010 Pre-renewal report.

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