Latest Placement Classifieds,Free Classified Ads,Buy Sell Classified Ads Market Superyacht disaster: How much the capsized vessel may cost insurers

Superyacht disaster: How much the capsized vessel may cost insurers

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The sinking of the Bayesian superyacht near Sicily resulted in the deaths of seven people, including Mike Lynch. Insurance payouts could exceed $150 million. Various insurers covered the yacht, with the event putting a spotlight on rising insurance premiums and climate change risks. An investigation is ongoing, focusing on potential crew negligence.

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