Claim, Liability and Marine - Insurance Industry Brief

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

Insurance Journal

AUGUST 5, 2024

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 …

Insurance Claim

Insurance Claim Claim Insurer Insurance

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Insurance Journal

SEPTEMBER 17, 2024

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

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Houthis claim attack on container ship

Insurance Marine News

SEPTEMBER 2, 2024

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West says claims are up for 2024/25, but within initial forecast range

Insurance Marine News

NOVEMBER 7, 2024

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

Insurance Journal

JANUARY 3, 2025

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

Damage Claim Protection Liability Insurance

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

Prof. Allan Manning

JULY 5, 2023

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.

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

Insurance Journal

JULY 23, 2024

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

Risk Insurer Insurance Insured

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

MARCH 19, 2025

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage. Cyber Liability Insurance to protect against data breaches and cyberattacks.

Workers Compensation

Workers Compensation Liability Property Damage Injury

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

Distinguished

MARCH 20, 2025

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.

Building

Building Protection Damage Liability

Navibulgar claims Baltic Sea vessel’s anchor system leaked accidentally

Insurance Marine News

JANUARY 30, 2025

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

APRIL 11, 2025

Awareness in this area can prevent nasty surprises when you attempt to make a claim: – Flood Damage : Often requires separate coverage or endorsements, especially in flood-prone areas. – Inland Marine Insurance : Valuable for businesses frequently moving goods and equipment across locations.

Commercial Property

Commercial Property Property Insurance Commercial Insurer

What is a Managing General Agent (MGA) in Insurance?

Distinguished

APRIL 9, 2025

Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. Specialization: Brokers typically offer a broad range of standard insurance products, while MGAs specialize in niche markets like cyber liability, HOA insurance, and high-risk commercial properties.

Agents

Agents Broker-Agent Broker Underwriter

U.S. Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge

Insurance Journal

OCTOBER 24, 2024

The Singaporean corporations that owned and operated the cargo ship Dali have agreed to pay $101,980,000 to resolve a civil claim brought by the United States for costs related to the response to the catastrophic collapse of Baltimore’s Francis Scott …

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Claim Liability Marine

Employer, Workers’ Comp Insurer, Survivor Join Baltimore Bridge Collapse Litigation

Insurance Journal

OCTOBER 2, 2024

The road construction firm that employed six workers who were killed and another who was seriously injured in the collapse of Baltimore’s Key Bridge, along with its workers’ compensation carrier, have filed claims against the owner and operator of the …

Workers Comp

Workers Comp Compensation Claim Insurer

Marine round-up : 21st August 2024

Insurance Marine News

AUGUST 21, 2024

UK based marine claims consultant WK Webster has received reports of a fire aboard general cargo vessel Efes (IMO 9197686) on August 19th when it was in the Bay of Bengal, about 540nm east of Chennai, India. The post Marine round-up : 21st August 2024 appeared first on Insurance Marine News.

Marine

Marine Marine Claims Claim Insurer

Steamship Mutual names joint heads of claims for the Americas

Insurance Marine News

APRIL 10, 2025

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Hacker group claims to have penetrated comms on 116 Iranian ships

Insurance Marine News

MARCH 30, 2025

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Large Brazilian soya bean crop could mean more claims in China

Insurance Marine News

APRIL 9, 2025

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Is Houthi “protection money” claim real?

Insurance Marine News

DECEMBER 5, 2024

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Protection Claim Marine Insurer

US Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge

Insurance Journal

OCTOBER 25, 2024

The Singaporean corporations that owned and operated the cargo ship Dali have agreed to pay $101,980,000 to resolve a civil claim brought by the United States for costs related to the response to the catastrophic collapse of Baltimore’s Francis Scott …

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Claim Liability Marine

Russia is helping Houthis target ships, report claims

Insurance Marine News

NOVEMBER 28, 2024

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Megalopolis continues journey despite Houthi claims of successful attack

Insurance Marine News

OCTOBER 22, 2024

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Consignee claim rejected by English High Court: the implications

Insurance Marine News

JANUARY 27, 2025

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UK Supreme Court clarifies time-bar issue on misdelivery claims

Insurance Marine News

NOVEMBER 21, 2024

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Civil claim makes Eagle S departure from Finland even more unlikely

Insurance Marine News

JANUARY 7, 2025

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West warns on increase in cargo claims for China-bound goods

Insurance Marine News

OCTOBER 9, 2024

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Distinguished Programs Appoints Ashley Mehyo as VP of Claims for Fine Art and Collectibles Program

Distinguished

AUGUST 27, 2024

NEW YORK – Distinguished Programs (“Distinguished”), a national insurance program manager , is pleased to announce the appointment of Ashley Mehyo as Vice President of Claims for its Fine Art and Collectibles program. In her new role, Ashley will lead all aspects of the claims function for the Fine Art and Collectibles insurance group.

Claim

Claim Broker-Agent Inland Marine Commercial Property

China Classification Society finds “no evidence” to back claimed Kiel Canal grounding

Insurance Marine News

FEBRUARY 24, 2025

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Poland dismisses claim that it cooperated with Ukraine in Nord Stream bombing

Insurance Marine News

AUGUST 21, 2024

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Crew error looks to be major cause of Manawanui grounding, initial report claims

Insurance Marine News

DECEMBER 1, 2024

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UK Court sentences crew and shipping company for accident that claimed two lives

Insurance Marine News

FEBRUARY 19, 2025

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Pool Claims in 2023/24 remain subdued, but Dali hangs over 2024/25: Tysers

Insurance Marine News

SEPTEMBER 12, 2024

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Houthis claim attacks on three vessels and two US destroyers

Insurance Marine News

DECEMBER 3, 2024

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Mass claim after norovirus outbreak on P&O Cruises vessel

Insurance Marine News

NOVEMBER 17, 2024

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NGOs claim two container ships are carrying 800 tonnes of toxic cargo

Insurance Marine News

AUGUST 12, 2024

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Distinguished Programs Partners with Johnsonese Brokerage LLC as the Preferred Insurance Provider for New Music Chicago

Distinguished

FEBRUARY 11, 2025

Our specialized coverage and claims expertise are designed to meet the unique needs of musicians, protecting their livelihoods and creative work. Property and Liability products are distributed through a national network of agents and brokers.

Broker-Agent

Broker-Agent Inland Marine Insurer Insurance

When foreign parties end up in US courts

Insurance Marine News

DECEMBER 10, 2024

The post When foreign parties end up in US courts appeared first on Insurance Marine News.

Injury

Injury Commercial Claim Marine

River tankers at Kerch Strait were refuelling Russia’s dark fleet: report

Insurance Marine News

FEBRUARY 2, 2025

The two river-sea tankers that suffered a capsizing and a grounding near the Kerch Strait in the Sea of Azov in December were part of a flotilla that had been bunkering Russias dark fleet, including at least three US-sanctioned deep sea tankers, claimed Russian investigative news outlet IStories. The report claimed that sibling ships to.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

OCTOBER 25, 2024

– Is there a high level of professional liability in your operations? – Potential deductibles and what’s financially viable if you need to make a claim. – Professional Liability Insurance : Also known as errors and omissions insurance, this covers claims of negligence or malpractice.

Business Insurance

Business Insurance Liability Insurance Liability Policy

Question on an ISR extension of coverage

Prof. Allan Manning

MARCH 11, 2024

The point about the value of any salvage going to the insurer is to my mind only fair as to allow the insured to be claiming for something not damaged and then let them earn some cash on top of that is a bit rich. This is done via the use of a sub-limit and like most things in life you get what you pay for.

Building

Building Damage Premium Risk

Nigerian Court orders detention of tankship

Insurance Marine News

MARCH 4, 2025

The Federal High Court in Lagos was reported locally to have directed the Admiralty Marshal of Nigeria to arrest and detain tankship Ostria (IMO 9302671) until its owners provide a bank guarantee to cover the claims of NNPC Retail Ltd regarding the non-delivery of Premium Motor Spirit (PMS), i.e., petroleum. It was said by the.

Premium

Premium Marine Claim Insurer

Alleged munitions ship still being watched by human rights activists

Insurance Marine News

OCTOBER 16, 2024

General cargo ship Kathrin (IMO 9570620) continues to be tailed by human rights activists amid claims that it is carrying munitions to be delivered to the Israeli military. The post Alleged munitions ship still being watched by human rights activists appeared first on Insurance Marine News. Political activist.

Marine

Marine Claim Insurer Insurance

Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

OCTOBER 15, 2024

However, it will not be covered for liability claims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. Instead, a contractor’s operations liability should be covered by a separate Contractor’s General Liability policy.

Policy

Policy Risk Broker-Agent Liability

Builder’s Risk Insurance in Tennessee: A Broker’s Guide

Distinguished

SEPTEMBER 25, 2024

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. They require protection against potential losses, including professional liability.

Risk

Risk Broker-Agent Insurer Insurance

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

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Trending Sources

Houthis claim attack on container ship

West says claims are up for 2024/25, but within initial forecast range

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

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

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

Insurance Considerations When Expanding Your Business to a New Location

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

Navibulgar claims Baltic Sea vessel’s anchor system leaked accidentally

A Comprehensive Guide to Understanding Commercial Property Insurance

What is a Managing General Agent (MGA) in Insurance?

U.S. Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge

Employer, Workers’ Comp Insurer, Survivor Join Baltimore Bridge Collapse Litigation

Marine round-up : 21st August 2024

Steamship Mutual names joint heads of claims for the Americas

Hacker group claims to have penetrated comms on 116 Iranian ships

Large Brazilian soya bean crop could mean more claims in China

Is Houthi “protection money” claim real?

US Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge

Russia is helping Houthis target ships, report claims

Megalopolis continues journey despite Houthi claims of successful attack

Consignee claim rejected by English High Court: the implications

UK Supreme Court clarifies time-bar issue on misdelivery claims

Civil claim makes Eagle S departure from Finland even more unlikely

West warns on increase in cargo claims for China-bound goods

Distinguished Programs Appoints Ashley Mehyo as VP of Claims for Fine Art and Collectibles Program

China Classification Society finds “no evidence” to back claimed Kiel Canal grounding

Poland dismisses claim that it cooperated with Ukraine in Nord Stream bombing

Crew error looks to be major cause of Manawanui grounding, initial report claims

UK Court sentences crew and shipping company for accident that claimed two lives

Pool Claims in 2023/24 remain subdued, but Dali hangs over 2024/25: Tysers

Houthis claim attacks on three vessels and two US destroyers

Mass claim after norovirus outbreak on P&O Cruises vessel

NGOs claim two container ships are carrying 800 tonnes of toxic cargo

Distinguished Programs Partners with Johnsonese Brokerage LLC as the Preferred Insurance Provider for New Music Chicago

When foreign parties end up in US courts

River tankers at Kerch Strait were refuelling Russia’s dark fleet: report

What are the most important questions to ask when choosing business insurance?

Question on an ISR extension of coverage

Nigerian Court orders detention of tankship

Alleged munitions ship still being watched by human rights activists

Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Builder’s Risk Insurance in Tennessee: A Broker’s Guide

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