Insurance News

 

NOAA Ship Speed Restrictions Flouted off US E. Coast

Nov 18, 2012

The National Oceanic & Atmospheric Administration (NOAA) are increasing their vigilance to protect the seasonal whale calving grounds.Despite NOAA advertising the speed restrictions it seems vessels are continuing to flout the speed limitation…

FGH Expands Marine Insurance Capabilities

Nov 14, 2012

Fidelis Group Holdings LLC Announces Additional Excess Marine Liability Capacity For The Maritime Industry.Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., a leader in providing Marine Insurance coverages and services…

A New DVD from the UK P&I Club

Nov 13, 2012

The UK P&I Club is absolutely committed to maintaining a vibrant loss prevention program and its latest move is a new DVD that places a specific focus on the Bow Tie concept - a comprehensive risk assessment initiative which helps members identify and prioritize risk across their whole fleets…

Fidelis Offers Additional Marine Insurance Excess Cover

Nov 12, 2012

Fidelis Group Holdings LLC offers a new US$25-million excess marine liability facility for the maritime industry.Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., announce details of their new US$25…

Ship Agents Count the Cost of Avoidable Errors

Nov 12, 2012

International Transport Intermediaries Club (ITIC) has emphasised how avoidable errors can prove expensive for ship agents.In the latest issue of its Claims Review, ITIC recounts how a ship agent at a tidal port in Japan was asked to provide…

DNK Appoints New Insurance Director

Nov 08, 2012

War risk insurance specialist, DNK, is pleased to announce the appointment of Göran Skuncke as Insurance Director.Skuncke will be responsible for the Association’s insurance activities, with a particular responsibility for membership service…

US Boating Insurers SkiSafe Ratchet Up 'Sandy' Claims Response

Nov 06, 2012

SkiSafe Insurance has been working extensively to assist affected boaters in the region.SkiSafe has extended its operational and online facilities to allow for fast reporting of any storm claims and to provide any support its policyholders may require…

Shipbroker Chases Down Payment Due

Nov 04, 2012

Persistence pays off for shipbroker's legitimate claim for outstanding financial commission due from time-charterer.In the latest issue of its Claims Review, International Transport Intermediaries Club (ITIC) recounts the case of a shipbroker…

London P&I Club Warns on Unsafe Sierra Leone Iron Ore Cargoes

Oct 26, 2012

The London P&I Club has warned that ships are being offered iron ore cargoes for loading in Sierra Leone which are unsafe, and that limited local expertise and technology, together with poor communications, are exacerbating the problems.In the latest issue of its StopLoss Bulletin…

Videotel's New Training Program

Oct 18, 2012

Maritime investigations are a fact of life yet it’s all too easy to assume that they are about finding fault. In fact they are about protecting the seafarer, protecting the crew and of course, protecting the company from liability claims.The…

Ensuring There are No Hiding Places for Stowaways

Oct 09, 2012

The problem of stowaways hiding in a ship’s rudder stock recess, especially at African ports, still persists, the American Club has warned its members. They are urged to take proper precautions to prevent stowaways from boarding and hiding themselves in this manner…

Sudden Loss of Power Incidents Avoidable Says P&I Club

Oct 09, 2012

The UK P&I Club highlights sudden loss of power incidents, a problem that increasingly occurs during & after the switching to lower sulphur fuels.The Club reveals that main engine failures or electrical blackouts now amount to 7% of its third party claims property damage in US$ terms…

UK P&I: Solving 'Loss of Power' Problems

Oct 01, 2012

The UK P&I Club highlights sudden loss of power as a cause of claims. The UK P&I Club’s latest Risk Focus bulletin highlights the issue of sudden loss of power, a problem highlighted by incidents during and after the switching to lower sulphur…

Braemar: Ask Questions to Cut Casualties, Costs

Sep 24, 2012

Underwriters should be asking more questions at the time of placing or renewing marine insurance to reduce the risk of major incidents and cut unnecessary costs, suggests Braemar (Incorporating The Salvage Association). Speaking at the International…

ITIC Pays Back Members

Sep 24, 2012

FOR the seventeenth year in succession, International Transport Intermediaries Club (ITIC) has paid a renewal credit to its members. For the year ended 31 May, 2012, members received a total of $5.2m. In the past seventeen years, ITIC has returned more than $67…

Logistics News

Conflict Heating Up Over Cosco's Megaport in Peru

Conflict Heating Up Over Cosco's Megaport in Peru

McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M

McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M

Container Ship Deliveries Hit YTD Record

Container Ship Deliveries Hit YTD Record

Insurance Coverage and the Key Bridge Collape

Insurance Coverage and the Key Bridge Collape

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