LISBON (Reuters) -Heavy tug boats on Tuesday sprayed water on a ship off the coast of Portugal's Azore Islands which went on fire nearly a week ago carrying thousands of Porsches and Bentleys, an incident insurance experts said could result in $155 million in losses.
The losses would likely fall on continental European insurance markets, specialist publication Insurance Insider reported, citing anonymous sources, with Volkswagen's in-house insurance covering some of the cost.
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