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Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Insurance Journal

Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

Risk 252
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How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore

Insurance Journal

A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened? The Singapore-flagged Hafnia …

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Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage

Insurance Journal

Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 …

Damage 278
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Just 3 weeks to go for the 2023 Mansfield Awards for Claims Excellence

Prof. Allan Manning

This event would not be possible without the generous support of our sponsors Steadfast Claims Services and icare. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented. The event is a not for profit one with all proceeds going to the Amal Mulia Orphanage.

Claim 130
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Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Insurance Journal

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …

Risk 262
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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.