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It’s Not the Insurance: The LMA Locates the Real Bottleneck

The Lloyd’s Market Association says it plainly: 88% of the war market still wants the hull business, cover is available — ‘the reason ships are not moving is not through a lack of insurance; it is… crew and vessel safety being assessed by the ship masters and owners as too high.’ The bottleneck isn’t money; it’s the missing institutional safety net — salvage, ports of refuge, casualty investigation, central safety certification. The underwriters just made the site’s argument for it.

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