Red Sea and Panama Canal disruptions amount to $1.25 trillion economic loss

The economic loss caused by disruption in two of the world’s largest shipping routes, the Red Sea and Panama Canal, is an estimated $1.25 trillion according to analysis by Russell Group, a data and analytics company. The figures are taken from Russell’s new report ‘Why Insurers Should Monitor Their Transit Route Accumulations’.  Russell’s Red Sea … Continue reading Red Sea and Panama Canal disruptions amount to $1.25 trillion economic loss