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The Economic Times

Economy / The Economic Times

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India's war-risk insurance pool faces its first real-world test

India's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This incident marks the pool's initial test amid regional tensions. The claim is currently being assessed for payout within the pool's capacity. Government backing provides an additional layer for larger potential losses.

16 Jul 2026 1:05 am