Insurance companies are ghouls

Ship insurers are cancelling war-risk coverage across Russia, Ukraine and Belarus from January, leaving cargo and freight companies liable for major losses linked to the ongoing conflict.

At least 12 of the 13 Protection and Indemnity (P&I) clubs - which cover 90% of the world’s ocean-going ships, including those from the UK and the US - said they would no longer be able to provide coverage to clients because reinsurers were exiting the region as a result of financial losses.

[...]

The UK club notice explained there would no longer be coverage for loss or damage arising from the war in Ukraine, or in any territory where Russian forces are engaged in conflict across Russia, Belarus, Ukraine and the Republic of Moldova.

[...]

It is the first time reinsurers have had an opportunity to cancel coverage for clients since Russia invaded Ukraine in February, given that most contracts run on a 12-month basis and renew on 1 January.

  Guardian

Typical insurance company move. Stop coverage when they start having to pay out in large sums, when it's needed most.

...but hey, do what you want...you will anyway.