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In response to expropriation, London insurers withdraw maritime war-risk coverage as to Venezuela

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom, Venezuela
  • -
  • June 26 2009

London’s marine insurance market announced recently that it has withdrawn maritime war-risk coverage for Venezuela (including Lake Maracaibo), as well as the nation’s "Exclusive Economic Zone," which stretches up to 20 nautical miles off the South American country’s shores