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flag Insurance claims for ships rise due to larger vessels, aging fleet, and more weather-related damages.

flag The Nordic Association of Marine Insurers (Cefor) reports rising insurance claim costs for ships, driven by larger, more valuable vessels and an aging global fleet. flag Ships built during the 2008-2012 financial crisis, now aged 13-17 years, face higher risks of fires, machinery failures, and weather-related damages. flag Fires and collisions are the costliest incidents, with an uptick in weather-related losses potentially due to more exposed routes.

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