Insurance Woes

India is lobbying Lloyd’s of London to reverse its expansion of the area judged prone to pirate attacks to cover almost all of the nation’s west coast after insurance costs surged as much as 300-fold this year.

“There is no longer any threat along the Indian coast,” Shipping Secretary K. Mohandas said, adding there had been no attacks within 800 kilometres (500 miles) of the coast due to stepped-up naval patrols.

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