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A freight carrier accused of price fixing is on the hook for its defense after late notice was given to its insurance company.
A 2011 staged pirate attack on a Greek cargo vessel was an outlandish attempt to collect an insurance payment. These extreme fraud claims pose a legitimate threat to marine underwriters.
Hiscox hires Landon O’Hara, American P&I Club Managers expands their global service team threefold and more in this edition of People on the Move.
A look at recent court decisions and how their rulings have an impact on risk management and the insurance industry.
Lloyd’s, Ironshore and other insurers are taking another look at their appetite for underwriting high-end watercaft.
Onboard fires, cyber attacks and the risk that distracted captains will run vessels aground are all leading to increased cargo marine losses.
An increasingly productive economy means more trade and demands more exacting logistics risk management.
Global piracy is being mitigated while insurers hold steady on policies and practices.
The first formal marine insurance policy was created around 1350.
Is a remote operator legally a master? New technology confounds old terms.
After a year of heavy losses, marine underwriters are imposing rate hikes despite plentiful market capacity.
After months of pilot studies, underwriters will soon go live with Maersk on a commercial distributed-ledger system for marine insurance.
The sector’s profitability is precarious, but investments in technology and recruitment could assuage some of its challenges.
IUMI’s annual meeting in September will offer a rare glimpse into local markets.
Accumulation risk due to the increased size of marine vessels is something marine underwriters are keeping a keen eye on.
Major vessel loss frequency and cost trends pressure marine underwriters.
A look at the latest decisions impacting the industry.
Consolidation and related coverage issues have marine risk managers and underwriters scrambling.