RBC: Russian insurance companies have stopped covering military…

RBC: Russian insurance companies have stopped covering military risks for cargo vessels in the Sea of Azov and the Black Sea.

Consensus

Russian insurance companies have stopped covering military risks for cargo ships in the Black Sea and Azov Sea.
International insurance markets, including London's Lloyd's, have classified the Black and Azov Seas as zones of heightened danger.
Russian Ministry of Defense issued a navigation warning in July about threats of attacks and terrorism in the Black and Azov Seas.
Insurance coverage is void when ships enter areas declared temporarily dangerous by the Russian Ministry of Defense.
The number of drone attacks on commercial vessels in the Black Sea has increased in recent months.
Foreign insurers have significantly raised premiums or restricted coverage for these regions.
The situation has led to economic infeasibility for many shipping routes.
Turkey has expressed concern and called for de-escalation in the Black Sea.

The Association of Shipowners of Turkey in July called for a wait-and-see approach when signing new transport contracts, citing the risk level in the Black Sea as 'unacceptable' and citing 136 attacks on commercial vessels. — thebell
The Ukrainian military reported successful drone strikes on Russian ships, calling them legitimate targets, and specifically mentioned an attack on the container ship 'Yanina' owned by Fesco (part of Rosatom) on the night of August 1. — meduza
The London market's Lloyd's has officially included the Black Sea and part of the Azov Sea in 'Listed Areas' — zones of excluded military risk — meaning standard insurance policies automatically cease coverage upon entering these waters. — meduza
The Russian Ministry of Defense issues a navigation warning once a week about maritime dangers. — thebell