Insurance Journal

SEPTEMBER 20, 2024

Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading. Since late last year, US, European Union …

Risk 289

Risk Protection Liability Insurance Marine 289

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 246

Damage Protection Liability Insurance Risk 246

Insurance Journal

JULY 18, 2024

Two large oil tankers were on fire on Friday in waters near Singapore, the world’s biggest refueling port, with two crew members airlifted to hospital and others rescued from liferafts, authorities said. The Maritime and Port Authority of Singapore (MPA) …

Protection 278

Protection Liability Insurance Marine Liability 278

Insurance Journal

AUGUST 23, 2024

Three oil tankers that are under British sanctions for transporting Russian petroleum are sailing under the flag of a nation that bases its operations in London. The Galaxy, the Liberty and the Rigel, all of which moved barrels for Moscow …

Protection 275

Protection Liability Insurance Marine Liability 275

Insurance Journal

AUGUST 30, 2024

Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …

Insured 274

Insured Insurer Insurance Protection 274

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 245

Damage Protection Liability Insurance Risk 245

Insurance Journal

AUGUST 16, 2024

Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now slated to return to Europe, after environmental groups sounded the alarm they were being illegally exported to Southeast Asia. Moller-Maersk A/S …

Protection 279

Protection Liability Insurance Liability Marine 279

Insurance Journal

AUGUST 26, 2024

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, a judicial source said on Monday. James Cutfield, a 51-year-old …

Protection 279

Protection Liability Insurance Marine Liability 279

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 267

Insurance Claim Claim Insurer Insured 267

Insurance Journal

AUGUST 29, 2024

The captain of a superyacht that sank during a storm off Sicily last week, killing seven people, decided not to respond to prosecutors’ questions Tuesday, his lawyer said. James Cutfield, a 51-year-old New Zealand national, is under investigation for possible …

Protection 262

Protection Liability Insurance Marine Liability 262

Insurance Journal

OCTOBER 24, 2024

A dark-fleet oil tanker that was recently involved in a crash in Southeast Asia is now on its way to China. Ceres I, an aging very-large crude carrier that’s suspected of transporting sanctioned oil, is en route to Zhoushan in …

Protection 259

Protection Liability Insurance Marine Liability 259

Insurance Journal

JULY 22, 2024

A tanker that was involved in a collision near Singapore last week entered the area of Malaysia’s Bertam floating oil terminal on Monday morning after it was intercepted by local authorities on Sunday, shipping data from LSEG and Kpler showed.

Protection 258

Protection Liability Insurance Marine Liability 258

Insurance Journal

JULY 22, 2024

A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling. The Ceres I, a 23-year-old …

Risk 249

Risk Protection Liability Insurance Marine 249

Insurance Journal

OCTOBER 30, 2024

Albanian prosecutors ordered that containers filled with suspected hazardous industrial waste be seized after the cargo was forced to return to Europe from Southeast Asia. The prosecutors’ order Sunday directed customs authorities and the police to confiscate 102 containers for …

Protection 255

Protection Liability Insurance Liability Marine 255

Protect Commercial Insurance

OCTOBER 25, 2024

Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Is there a high level of professional liability in your operations? By recognising these risks, you root your insurance decisions in the real needs of your business.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Insurance Journal

NOVEMBER 13, 2024

Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch’s superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday. The Bayesian was built in 2008 by Perini Navi, …

Protection 242

Protection Liability Insurance Marine Liability 242

Insurance Journal

AUGUST 13, 2024

Thai authorities are racing to stop about 100 shipping containers allegedly filled with hazardous industrial waste from Albania reaching the nation’s ports. Basel Action Network, a US-based nonprofit that tracks toxic trade which precarviously alerted Malaysia to illegal e-waste shipments, …

Protection 162

Protection Liability Insurance Liability Marine 162

Distinguished

SEPTEMBER 25, 2024

What Risks Does Distinguished’s Builder’s Risk Insurance Protect Against? When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another. 

Risk 52

Risk Broker-Agent Insured Insurer 52

Distinguished

SEPTEMBER 10, 2024

We’ll outline the projects we cover and risks we address, equipping you to protect your clients’ investments in Alabama’s expanding construction market. Distinguished’s Builder’s Risk program insures a variety of the most common construction projects.

Risk 52

Risk General Liability Broker-Agent Insurer 52

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 278

Damage Protection Liability Insurance Risk 278

Insurance Journal

AUGUST 29, 2024

Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might to help avert an environmental disaster. The 900-foot Sounion was hauling 150,000 tons of dense …

Protection 278

Protection Liability Insurance Risk Marine 278

Insurance Journal

AUGUST 30, 2024

A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …

Protection 277

Protection Liability Insurance Risk Marine 277

Insurance Journal

AUGUST 28, 2024

An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. “Sounion now sits immobilized in the Red Sea, where it is currently on …

Protection 276

Protection Liability Insurance Risk Marine 276

Insurance Journal

AUGUST 26, 2024

Fires were burning around the oil tanks of a ship that was attacked by Houthi militants in the Red Sea, but there were no signs of a spill so far, the European Union naval force in the region said. Flames …

Protection 275

Protection Liability Insurance Risk Marine 275

Insurance Journal

OCTOBER 1, 2024

An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping. The 900-foot ship was hit by an uncrewed surface …

Commercial 264

Commercial Protection Liability Insurance Risk 264

Insurance Journal

SEPTEMBER 16, 2024

The European Union’s naval force said it managed to connect tug boats to a burning oil tanker in the Red Sea, and that the vessel is now being towed away. “The tug boats have successfully connected to the vessel and …

Protection 261

Protection Liability Insurance Risk Marine 261

Insurance Journal

SEPTEMBER 13, 2024

Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red Sea for over three weeks after it was attacked by Houthi militants, the European Union naval force in the region …

Protection 255

Protection Liability Insurance Risk Marine 255