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Most of the insurance costs related to the loss of the 7,700-ceu Golden Ray (built 2017) are related to the wreck removal. Photo: US Coast Guard

Insurers pay out $900m as car carrier claims soar

Cargo, hull and salvage claims from car carrier casualties are becoming a major concern for insurers, with one particular loss running up an eye-watering bill

24 September 2020 12:20 GMT Updated 30 September 2020 8:55 GMT

By Adam Corbett

in London

The three biggest car carrier casualties in recent years have cost marine insurers close to $900m,

Insurance

Insurers pay out $900m as car carrier claims soar