Saturday, December 19, 2009

Armed Guards Working on Ships to Reduce Piracy

In the past maritime insurance firms have been reluctant to provide products that would cover the use of armed security guards on ships transiting near the shores of Somalia where piracy runs rampant.  However, times are changing with the increase in the pirate attacks and the inability of navies of large countries to stop the pirates.  Read more in the article below:

December 14, 2009. "Pirate attacks trigger armed guard coverage". Business Insurance.

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