Damage, Liability Insurance and Marine - Insurance Industry Brief

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

JANUARY 27, 2025

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

Crime

Crime Damage Protection Liability Insurance

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

Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

Insurance Journal

JANUARY 8, 2025

Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic …

Damage

Damage Protection Liability Insurance Risk

Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports

Insurance Journal

FEBRUARY 10, 2025

A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom. Restoration work is underway and the incident has had no impact on subscribers so …

Damage

Damage Protection Liability Insurance Risk

Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables

Insurance Journal

DECEMBER 31, 2024

Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the anchor of seized tanker Eagle S. Working under water, “we have been able to identify the dragging track at the …

Damage

Damage Liability Insurance Risk Marine

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. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk. This coverage is required in most states.

Workers Compensation

Workers Compensation Liability Property Damage Inland Marine Insurance

Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says

Insurance Journal

JANUARY 14, 2025

The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic. “It …

Damage

Damage Protection Liability Insurance Risk

Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force

Insurance Journal

JANUARY 6, 2025

Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …

Damage

Damage Protection Liability Insurance Risk

Sweden Probe Into Broken Cable Advances as Seabed Study Winds Up

Insurance Journal

NOVEMBER 22, 2024

Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure. A high-speed fiber optic cable connecting Finland and Germany was …

Damage

Damage Liability Insurance Risk Marine

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

Distinguished

MARCH 20, 2025

Apartment buildings present unique insurance challenges because of their dense living arrangements, high occupancy turnover, and shared spaces. These incidents can lead to lawsuits costing thousands of dollars in legal fees, not to mention potential damages if your client is found liable.

Building

Building Protection Damage Liability

Key Strategies for Protecting Your Collection

Distinguished

OCTOBER 31, 2024

Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Insurance companies often have resources that can be dispatched immediately to help mitigate the damages and prevent additional losses. Strategies for keeping people safe?

Protection

Protection Broker-Agent Inland Marine Broker

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

Protect Commercial Insurance

OCTOBER 25, 2024

Familiarising yourself with the various types can help you craft the most effective insurance package: – General Liability Insurance : Covers third-party bodily injury, property damage, and advertising injuries. – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism.

Business Insurance

Business Insurance Liability Insurance Liability Policy

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

Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site.

Risk

Risk Broker-Agent Insured Insurer

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

Distinguished

SEPTEMBER 10, 2024

Our Builder’s Risk program is a comprehensive insurance solution that covers under-construction properties and their works sites against all the most common risk factors. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

Risk

Risk General Liability Broker-Agent Insured

EU Mission in Red Sea Says no Oil Spill From Tanker Damaged in Houthi Attack

Insurance Journal

AUGUST 29, 2024

The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast. The mission, called Aspides, added that the …

Damage

Damage Protection Liability Insurance Risk

Finland and Lithuania Report Severed Undersea Data Cables

Insurance Journal

NOVEMBER 19, 2024

An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely an external impact and a nearby link between Lithuania and Sweden was also damaged. The 1,200-kilometer (750-mile) high-speed fiber optic …

Damage

Damage Liability Insurance Risk Marine

Insurance Industry Brief

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

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

Trending Sources

Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports

Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables

Insurance Considerations When Expanding Your Business to a New Location

Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says

Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force

Sweden Probe Into Broken Cable Advances as Seabed Study Winds Up

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

Key Strategies for Protecting Your Collection

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

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

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

EU Mission in Red Sea Says no Oil Spill From Tanker Damaged in Houthi Attack

Finland and Lithuania Report Severed Undersea Data Cables

Stay Connected