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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 258
Risk Claim Marine Insurer 258
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Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait

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
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New US Bill looks to alter 1851 Limitation of Liability Act

Insurance Marine News

AUGUST 15, 2024

Join Us The post New US Bill looks to alter 1851 Limitation of Liability Act appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Liability 52
Liability Marine Insurer Insurance 52
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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

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. Property owners may also choose to add Premises Liability coverage to the policy.

Policy 52
Policy Risk Broker-Agent Inland Marine 52
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AIS spoofing on the rise in Asia, says Risk Intelligence

Insurance Marine News

OCTOBER 15, 2024

Risk Intelligence has noted increased attention in Asia on the activities of the dark fleet, as the Information Fusion Centre (IFC) at Singapore’s Changi Naval Base detected a significant level of AIS spoofing. The post AIS spoofing on the rise in Asia, says Risk Intelligence appeared first on Insurance Marine News.

Risk 52
Risk Marine Insurer Insurance 52
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The problems with assessing port accumulation of risk: IUMI 2024

Insurance Marine News

SEPTEMBER 18, 2024

Join Us The post The problems with assessing port accumulation of risk: IUMI 2024 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Risk 52
Risk Marine Insurer Insurance 52
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Marine round-up : 14th August 2024

Insurance Marine News

AUGUST 13, 2024

Join Us The post Marine round-up : 14th August 2024 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 52
Marine Insurer Insurance Insured 52
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