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flag Denmark allocates nearly $1 billion for war insurance to protect its $20 billion merchant fleet.

flag Denmark plans to allocate nearly $1 billion to create a state-backed war insurance program for its merchant fleet, valued at over $20 billion. flag This move aims to ensure the fleet's operation in case commercial insurance markets fail due to geopolitical instability. flag The War Insurance Institute would manage the program, backed by a $950 million loan facility to cover potential claims, helping to maintain global trade and prevent economic disruptions.

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