Mutuals face wave of FD&D claims in wake of credit crisis

Christopher Munro - Thursday 4 February 2010

HIGH levels of litigation owing to the impact of the financial crisis continue to bring more freight, demurrage and defence claims to many of the P&I clubs.

At last year’s renewal, P&I clubs imposed an average general increase of 15% on the FD&D class as a result of the rising number of claims they had already seen and also becau...