Insurance Jottings
Sri Lanka oil tanker fire threatens latest large P&I market loss
The marine market is bracing for another potential sizeable loss as it closely monitors the situation off the coast of Sri Lanka where a very large crude carrier (VLCC) carrying two million barrels of oil caught fire.
Energy companies cancel coverage in wake of Covid-19
Energy companies have been cancelling their insurance coverage in response to the downturn in demand for their services arising from Covid-19, according to Burns & Wilcox.