The amended terms apply to what are known in the industry as non-mutual, or fixed premium, war-risk policies — from which a higher-than-expected level of claims can't be recovered from a club's members at a later date. (Credit: Tim Rue) The amended terms apply to what are known in the industry as non-mutual, or fixed premium, war-risk policies — from which a higher-than-expected level of claims can't be recovered from a club's members at a later date. (Credit: Tim Rue)

(Bloomberg) — A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia's war in Ukraine, a further sign of the industry's growing concerns about losses stemming from the conflict.

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