Japan insurers to raise policy costs by 80% on ships carrying LNG in Russian waters

(Reuters) - Japanese insurers plan to raise insurance policy costs for ships carrying LNG in Russian waters by about 80% from Wednesday, the Nikkei business daily reported.

Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance Co are likely increase insurance policy costs for damages caused to vessels to more than 20 MM yen ($154,356.72) from the current roughly 12 MM yen, the report said on Monday.

($1 = 129.5700 yen) (Reporting by Tokyo Newsroom Editing by Chang-Ran Kim)

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