insurance


Tuesday, September 19, 2023
Fremantle Highway boat fire
Shipping

Marine Insurance Industry Faces Inflation Challenge

Global ocean hull premiums rose by 5.7% in 2022 due to increased activity, vessel values, and reduced market capacity, but change is on the horizon

September 19, 2023
Total Views: 1593

Monday, September 18, 2023
Smoke rises as a fire broke out on the cargo ship Fremantle Highway, at sea on July 26, 2023. Coastguard Netherlands Photo
Shipping

Global Marine Insurance Market Sees Positive Growth in 2022, Reports IUMI

The International Union of Marine Insurance (IUMI) reports a positive trend in the marine insurance market, with an 8.3% increase in global premium base for

September 18, 2023
Total Views: 617

Thursday, September 7, 2023
A view shows silos of grain from Odesa Black Sea port, before a shipment of grain as the government of Ukraine awaits signal from UN and Turkey to start grain shipments, amid Russia's invasion of Ukraine, in Odesa, Ukraine July 29, 2022.
Shipping

Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover

LONDON, Sept 7 (Reuters) – Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if

September 7, 2023
Total Views: 517

Thursday, August 10, 2023
A police boat with a Taiwan flag sails at the Port of Taipei in Taipei, Taiwan, February 9, 2021. Photo courtesy REUTERS/Ann Wang
Shipping

Lloyd’s of London Leads Insurers Tightening Taiwan Cover as Conflict Risks Rise

LONDON, Aug 10 (Reuters) – Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they

August 10, 2023
Total Views: 909

Monday, July 10, 2023
Marine License Insurance FAQs for Groups and Individually Licensed Mariners
Sponsored

Marine License Insurance FAQs for Groups and Individually Licensed Mariners

Unexpected shipping casualties or vessel incidents occur frequently and can result in an investigation and the suspension of your USCG license. Acting fast and

July 10, 2023
Total Views: 1772

Saturday, December 31, 2022
Dead In The Water Book
Piracy

Dead In The Water – The Best Maritime Book Of The Year

The following is a review of the book Dead In The Water, a book about the Brillante Virtuoso, a tragedy that shook the shipping world and left us all

December 31, 2022
Total Views: 7848

Saturday, December 24, 2022
Russian cargo ship Sparta II
Shipping

Japan Firms To Stop Insuring Ships In All Russian Waters 

TOKYO, Dec 24 (Reuters) – Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in

December 24, 2022
Total Views: 3535

Saturday, December 17, 2022
Smart Sanctions: The West Finally Gets Clever About Russia
Shipping

Smart Sanctions: The West Finally Gets Clever About Russia

Robert Huish (The Conversation)–The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance

December 17, 2022
Total Views: 11500

Reinsurers Could Prohibit Black Sea Voyages Starting January 1st
Shipping

Reinsurers Could Prohibit Black Sea Voyages Starting January 1st

by Carolyn Cohn (Reuters) Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who

December 17, 2022
Total Views: 1852

Tuesday, October 25, 2022
Pipeline Manifold
Incidents

Pipeline Insurance In Limbo After Nord Stream Blasts

By Jonathan Saul (Reuters) With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s

October 25, 2022
Total Views: 825

Saturday, October 22, 2022
Russian Oil Logistics In Chaos With Weeks Until Sanctions Bite
Shipping

Russian Oil Logistics In Chaos With Weeks Until Sanctions Bite

By Serene Cheong Oct 22, 2022 (Bloomberg) –Traders, tanker companies and the world’s most powerful governments are becoming increasingly fixated

October 22, 2022
Total Views: 9831

Tuesday, May 10, 2022
Allianz Shipping Risk and Insruance Report
Accidents

2022 Allianz Ship Insurance Report Highlights War, Fires, COVID, Climate Change, And Congestion

The maritime industry’s most anticipated annual report on incidents and casualties – Allianz’s Safety & Shipping Review 2022 – is

May 10, 2022
Total Views: 2611

Explosion in Ukraine Port
Incidents

Ukraine War – New Marine Insurance Report Studies Impact Of Russian Aggressions On Shipping

The maritime industry’s most anticipated annual report on incidents and casualties – Allianz’s Safety & Shipping Review 2022 – is

May 10, 2022
Total Views: 2194

Marine Insurance Report Warns of Ro-Ro Risk
Incidents

Marine Insurance Report Warns of Ro-Ro Risk

The big, boxy floating steel parking garages known in the industry as Roll-on Roll-off ships, or RoRo’s, might be more dangerous than marine insurance

May 10, 2022
Total Views: 6270

Friday, March 18, 2022
Bangladesh Seeks $22.4 Million Insurance Claim from Missile Strike on Ship in Ukraine
Shipping

Bangladesh Seeks $22.4 Million Insurance Claim from Missile Strike on Ship in Ukraine

By Ruma Paul and Jonathan Saul DHAKA/LONDON, March 18 (Reuters) – State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for

March 18, 2022
Total Views: 47541

Monday, March 14, 2022
golden ray salvage
Shipping

Marine Insurance Mega-Merger? North P&I and Standard Club in Formal Merger Talks

Protection and indemnity insurance providers North P&I and Standard Club have announced plans to explore a potential merger of the two clubs. The

March 14, 2022
Total Views: 2521

Thursday, September 16, 2021
bulk carrier ship
Shipping

Marine Insurers Warn of Liquefaction Risks from Sierra Leone Iron Ore Fines Cargoes

Marine liability insurers are warning bulk carrier owners of increasing liquefaction risk of iron ore fines cargoes from Sierra Leone. In a recent circular to

September 16, 2021
Total Views: 2258

Saturday, June 12, 2021
Coral Ocean Reef Cairns, Australia
Environment

Can Marine Insurance Save Coral Reefs?

By Christine Murray (Thomson Reuters Foundation) – As climate change threatens coral reefs around the world, conservation experts in Latin America have

June 12, 2021
Total Views: 1538

Thursday, April 1, 2021
Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal
Accidents

Marine Reinsurance Firms Expect Giant Suez Blockage Claims

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine

April 1, 2021
Total Views: 3138

Tuesday, October 27, 2020
How Do You Insure Ships In The Arctic?
News

How Do You Insure Ships In The Arctic?

By Jonathan Saul LONDON, Oct 27 (Reuters) – When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.

October 27, 2020
Total Views: 327
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