Insurance Marine News

JANUARY 23, 2025

Join Us The post Yemens port infrastructure badly damaged in recent attacks appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

JANUARY 13, 2025

Join Us The post Israeli airstrike on Yemen port damages vessels appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

FEBRUARY 10, 2025

Join Us The post Captains of ships damaging seabed infrastructure should be sanctioned, Polish minister says appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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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 …

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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 …

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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 …

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Damage Protection Liability Insurance Risk 264

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 …

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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 …

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Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. Here’s why it’s crucial: – Financial Protection : In the event of loss or damage, the costs can be exorbitant.

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Commercial Property Property Insurance Commercial Insured 52

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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Insurance Marine News

JANUARY 27, 2025

Join Us The post Another Baltic Sea cable damaged; ship detained appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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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. Without the right coverage, property owners could be exposed to significant financial and legal risks.

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Insurance Journal

FEBRUARY 21, 2025

Sweden is investigating a possible breach of an undersea cable off the country’s southwestern coast in the Baltic Sea, the coastguard said on Friday, in an area where multiple seabed cables have been damaged in recent months. The Baltic Sea …

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Insurance Marine News

FEBRUARY 2, 2025

Join Us The post Second ship seized after latest Baltic Sea cable damage appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

FEBRUARY 25, 2025

Join Us The post Taiwan detains vessel on suspicion of undersea cable damage appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Distinguished

FEBRUARY 10, 2025

It covers fine art, sports cards, handbags, and other collections, up to $125 million on a single risk as the primary or excess layer or on a quota-share basis. Whats Covered The policy covers a wide range of risks for direct physical damage, including fire and theft, under an all-risk policy structure with broad coverage.

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Insurance Marine News

FEBRUARY 19, 2025

Join Us The post EU in talks to fund fleet to repair damaged subsea cables appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Marine News

FEBRUARY 18, 2025

Join Us The post Stena Line updates on Holyhead port damage: Full July 1st reopening is the target appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Distinguished

SEPTEMBER 25, 2024

An increase in construction also means an increase in financial risk. This is why the popularity of Builder’s Risk insurance is growing. Read on to learn more about the coverages, costs, and benefits that make Distinguished’s Builder’s Risk Program ideal for Tennessee’s booming industry. 

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Prof. Allan Manning

MARCH 11, 2024

Emphasis mine] The reason is that without this extension of coverage the Insurer only has to reinstate that part of the property which is damaged or destroyed. I want to stress that the endorsement only applies if the Insured is forced to relocate ABANDONED UNDAMAGED PORTION OF A BUILDING.

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Building Damage Premium Risk 130

Distinguished

SEPTEMBER 10, 2024

From hurricanes on the Gulf Coast to rapid urban development in cities like Birmingham and Huntsville, the need for comprehensive Builder’s Risk Insurance has never been more critical. To address these diverse risks, Distinguished’s Builder’s Risk Program offers tailored solutions for Alabama’s construction needs.

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Distinguished

AUGUST 12, 2024

However, with growth comes risk, and that’s where Builder’s Risk insurance plays a critical role. In this article, we’ll take a deep dive into Distinguished’s Builder’s Risk insurance offerings in Georgia. Fraud and deceit : Covers up to $50,000 in damages caused by fraud or deceit to any insured.

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Risk Broker-Agent Insured Insurance 52

Distinguished

OCTOBER 15, 2024

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. In this case, the owner is covered for the physical damage to the property (e.g.,

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Distinguished

OCTOBER 30, 2024

Builder’s Risk insurance is critical for residential and commercial construction projects, as it covers the property during construction or renovation. Commercial projects also often involve higher-risk factors, particularly when renovating existing properties such as restaurants, office buildings, or retail stores.

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Distinguished

AUGUST 26, 2024

However, alongside all of this construction comes large financial risks. For this reason, the need for comprehensive Builder’s Risk Insurance solutions is growing. Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties.

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Risk Broker-Agent Insured Insurance 52

Insurance Marine News

DECEMBER 18, 2024

Chinese bulk carrier Yi Peng 3 (IMO 9224984) remains at anchor near to the Kattegat Strait a month after the C-Lion 1 and BCS East-West Interlink cables in the Baltic Sea were damaged. The post Russia is now main suspect in Yi Peng 3 Baltic Sea cable incident appeared first on Insurance Marine News.

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Distinguished

OCTOBER 31, 2024

How to Mitigate Risks Proactively Protect people first, property second. Notify your insurer and broker as soon as possible, detailing how, when, and where the loss occurred and what property may be damaged. Take all reasonable steps to protect yourself from further damage. Strategies for keeping people safe?

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Distinguished

AUGUST 5, 2024

These drawbacks include: No protections outside the home : If a collectible goes missing or is damaged while it is outside of your client’s home, like on the way to auction, then it may not be covered.  If your client owns a toy that is worth tens of thousands of dollars, they might not be reimbursed for the full cost should it get damaged. 

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Distinguished

JANUARY 7, 2025

Distinguisheds national Fine Art & Collectibles insurance programs recent expansion to $125 million in capacity per risk establishes it as a leader in this specialized market. We cover both owned and loaned exhibits, with adjustable policy terms to accommodate planned exhibitions.

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Distinguished

AUGUST 7, 2024

Additionally, art and collectibles dealers who use sustainable crates and packing materials are eligible for additional coverage for loss or damage to reusable crates or packing materials. Property and Liability products are distributed through a national network of agents and brokers.

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Bankers Insurance

MAY 8, 2024

Hurricanes are capable of producing winds in excess of 155 mph and causing catastrophic damage to coastlines and several hundred miles inland. Additionally, hurricanes can also lead to storm surges along the coast and cause extensive damage from heavy rainfall. This will reduce roof damage. Inspect your home for damage.

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Distinguished

JULY 22, 2024

However, the very qualities that make collectibles so precious also expose them to unique risks. Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies.

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Distinguished

DECEMBER 16, 2024

Protecting these assets in the state requires specialized insurance solutions considering earthquake and wildfire risks. Our program provides all-risk worldwide coverage for direct physical damage like fire and theft of personal collections of any size.

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Distinguished

DECEMBER 2, 2024

However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. One of the key reasons is lower deductibles, expert knowledge, and tailored coverage options specifically designed for the unique risks faced by public art installations.  What Does Public Art Insurance Cover?

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Protect Commercial Insurance

OCTOBER 25, 2024

This approach ensures that you choose a policy that doesn’t just tick boxes but genuinely covers your specific risks and requirements. What are the specific risks associated with your industry? Every industry comes with its own set of risks. Once you’ve outlined the risks, the next step is determining how much coverage you need.

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Distinguished

NOVEMBER 7, 2024

Surety’s Defenses : The surety may invoke certain defenses against the obligee’s claim, such as contract modifications that increase the surety’s risk without consent or the obligee’s failure to comply with contractual conditions that mitigate the surety’s obligations.

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Maritime Insurance International

MARCH 3, 2020

That said, the risks that boat owners face are not that different from the risks of owning a car. Given the risks you face, boat insurance can be a wise purchase to help protect your investment. Boating Risks: The Need for Coverage There are many risks associated with owning a boat. Bodily Injury.

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