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Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

Insurance Journal

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

Marine 264
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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 258
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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

– 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. – Property Insurance : Protects physical assets from perils like fire, theft, and vandalism. – Do you handle sensitive customer data?

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Fires Spotted on Red Sea Tanker Drifting With Oil on Board

Insurance Journal

The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …

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Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

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 269
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Key Strategies for Protecting Your Collection

Distinguished

Review Your Insurance Coverage – Take the time to examine your liability insurance policy to confirm that it includes volunteer coverage. Consult your insurance broker for clarity on the specifics and potential additional coverage options.

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Yacht Insurer OMAC Is Hull Carrier for Sunken Yacht in Sicily, Sources Say

Insurance Journal

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …

Insurance 290