Sompo moves to close GPS jamming insurance gap

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Japanese insurer Sompo Japan launches the shipping industry's first insurance against economic losses from GPS jamming, protecting ship owners from navigation system interference. This new coverage aims to address financial impacts when vessel operations are disrupted by satellite positioning interference.

Japanese insurer Sompo Japan has launched what it claims is the shipping industry’s first insurance coverage specifically targeting economic losses caused by radio interference with ship navigation systems. The new cover, available from this month, compensates owners when interference with satellite positioning systems leaves a vessel unable to operate even though the ship has suffered …