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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.
A sunken haunted house attraction resulted in a lawsuit against the insurance broker.
Marine risk managers and underwriters confront the threat of cyber losses.
Businesses face risks from undersea data cable vulnerabilities.
Bigger ships passing through an expanded Panama Canal translates to bigger risk accumulations.
Port computer systems are vulnerable to criminal organizations looking to steal, smuggle or commit espionage.
A look at the latest legal cases impacting the industry.
Specialty Insurers and their risk management partners find a way to keep historic vessels in use.
The deeper we drill in the ocean for oil, the more the risk increases.
With capacity ample, project cargo insurers emphasize project management.
An injured dock worker claims he’s eligible for the higher benefit levels available under the Longshoreman’s Act.
The easing of travel restrictions to Cuba is bound to open up opportunities.
Contaminated oil undermines a firm’s ability to capitalize on low oil prices.
Marine, aviation and energy sector losses accounted for much of the losses. Employee training would help.
The marine services sector faces exposures both seen and unseen.
Larger ships using standard ports means less room for error.
The project cargo business is back on the increase after a period of the doldrums.
Marsh: P/C rates to remain competitive this year — with some exceptions.
Driverless technology is flowing to the oceans, but risks will slow global adoption.