Lloyd's has warned maritime insurers that they are in the front line when it comes to a major new threat to the assets they cover: that caused by increasingly volatile weather. The study sounds the alarm on 'asset-stranding' and liabilities on a global scale resulting from climate change. The marine insurance report points to an increasing fear that the mounting burden of carbon emission rules and the drive to increase the efficiency of the global fleet will cause older ships to be subject to huge and sudden falls in value, in line with strict emission limits being imposed on an increasing number of the world's sea routes.
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