Consequences of US Ports’ Closure The Strike Club has warned that if the looming threat of a stevedores’ strike at 14 ports along the US east and Gulf coasts becomes a reality, it could be the precursor of further labour unrest, not only in the US but elsewhere…
A wide variety of shipowners, operators and other senior maritime professionals from throughout the Middle East region have attended North P&I club’s residential course in P&I insurance and loss prevention held in Dubai this week. A total…
The American Club has issued an urgent alert to its members about the operation of oxy-acetylene equipment without flashback arrestors. This results from a recent casualty leading to a claim and through recent survey inspections, and the…
North P&I Club Reports a 'Stable and Positive' Result in a challenging Market.The ‘A’ rated, 170 million GT North of England P&I club has achieved a ‘stable and positive’ result for the 2011/12 financial year despite challenging market conditions…
“Gotchas” are pitfalls, catches, bait and land mines – a kicker, snare or snag. They are surprises and, in the world of insurance, surprises are rarely a good thing. ‘Gotchas’ can be caused by different things. It may be the age of the coverage forms…
The American Equity Underwriters, Inc. (AEU) 2011 Safety Awards were presented at the annual American Longshore Mutual Association (ALMA) Conference in Grand Cayman on July 30, 2012. The awards are given each year to the best performing…
J. H. Blades's new marine underwriting division will underwrite brown water exposures for specialty retail agents and brokers.Specific coverages will include hull and liability, protection and indemnity, builder’s risk, miscellaneous marine liability…
The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has welcomed the decision by the European Commission competition directorate to close its investigation into the activities of the International Group of P&I Clubs…
What do we think of when we hear “Survival at Sea”? It usually brings up visions of a ship in a perilous situation confronting some extraordinary circumstances that might be life or death. We are now faced with an even more harrowing scenario…
Moore Stephens has further strengthened its regulatory advisory capability with the appointment of John Westlake as compliance manager.John Westlake has a broad perspective of the insurance industry acquired through a variety of roles, which…
The American Club reported positive developments during 2011, and into the first half of 2012, at yesterday’s annual meeting of its members in New York. Its business had made steady progress, notwithstanding the challenges which continued to confront the global economy in general…
A vessel owner who takes on paying passengers knows he or she has to meet U.S. Coast Guard requirements for safety. If corners are cut, a barge operator can develop a reputation for accidents and business could disappear. And marine companies…
Underwriters, brokers, claims personnel and key industry suppliers converged on San Diego’s Rancho Bernardo earlier this month for the 82st Annual Meeting of the Inland Marine Underwriters Association (IMUA). The meeting officially got underway with the election of a new slate of officers…
Ship managers sometimes victims of owners' bogus negligence claimsHard times have brought about an increase in bogus claims against ship managers by shipowners, warned the International Transport Intermediaries Club (ITIC) in its latest issue of 'Claims Review'…
The UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, announces its results for the year ended February 20, 2012. Highlights• Combined ratio 97% for 2012 financial year• Surplus…
