General average has never been more relevant, say average adjusters

The long-standing concept of general average, which seeks to share equitably costs arising from maritime casualties, has never been more relevant, it was stressed at the 2024 annual dinner of the Association of Average Adjusters in London. The audience of leading marine insurance and legal practitioners was reminded that shipping was in the crosshairs of volatile global politics, and there were calls for all in the sector to recognise the vital importance of independent average adjusters.