Liability, Marine and Risk - Insurance Industry Brief

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

Risk Claim Marine Insured

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

Risk Protection Liability Insurance Marine

Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Insurance Journal

DECEMBER 16, 2024

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fleet.” ” One crew …

Risk

Risk Damage Insured Insurer

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Insurance Journal

JULY 23, 2024

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …

Risk

Risk Insured Insurer Insurance

Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

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

Risk Protection Liability Insurance Marine

New US Bill looks to alter 1851 Limitation of Liability Act

Insurance Marine News

AUGUST 15, 2024

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Liability

Liability Marine Insured Insurer

IMO’s Dominguez warns on rising risks from unregulated tanker fleet

Insurance Marine News

JANUARY 15, 2025

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Risk

Risk Marine Insured Insurer

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

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. 

Risk

Risk Broker-Agent Insured Insurer

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

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.

Risk

Risk General Liability Broker-Agent Insured

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

Policy Risk Broker-Agent Liability

Aon launches €110m Ukraine war risk facility

Insurance Marine News

DECEMBER 13, 2024

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Risk

Risk Marine Insured Insurer

Marine round-up : 19th December 2024

Insurance Marine News

DECEMBER 18, 2024

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Marine

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait

Trending Sources

Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

New US Bill looks to alter 1851 Limitation of Liability Act

IMO’s Dominguez warns on rising risks from unregulated tanker fleet

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

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

Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Aon launches €110m Ukraine war risk facility

Marine round-up : 19th December 2024

Marine round-up : 14th August 2024

AIS spoofing on the rise in Asia, says Risk Intelligence

The problems with assessing port accumulation of risk: IUMI 2024

Hyundai deploys technology to fight fire risk from lithium batteries

CDC warns on Legionnaires’ disease risk in cruise ship hot

Builder’s Risk Insurance in Georgia: Coverages, Costs, and More

Builder’s Risk Insurance Declinations: An Interview With Susan DeCarlo

Shipowners face sanctions if they make Philippines seafarers sail to high-risk areas

Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs

DNV Maritime says shipping needs to improve training to keep up with cyber risks

Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

New US sanctions cast a wide net

Finnish Court upholds detention of Eagle S

West P&I to acquire 100% of Nordic Marine Insurance

Question on an ISR extension of coverage

Chinese ship dragged anchor for 100 miles, cutting two cables, says WSJ

More than 6% of international trade vessels now in shadow fleet, says Kpler

Azerbaijan-managed vessel en route to China via Northern Sea Route: report

Spain stops US vessel from docking because of suspected Israeli military connection

Harbourmaster submits recommendations following ferry’s hard grounding

Unprecedented railway strike in Canada begins

Britannia goes for 7.5% rate increase

Turkish pro-Palestinian protestors occupy the Kathrin

American Club renewal: overall target of 7% increase

Egypt reveals $6bn revenue hit from Houthi attacks in Red Sea

Indian High Court orders sale of seized vessel: report

FBI boards another Synergy containership in Baltimore

Swedish Club renewal: further details

One in five Russian tankers are refusing pilots in Danish Straits

Russian shadow fleet vessels passing through Baltic to be checked for insurance

Maritime Union of New Zealand votes against resumption of live animal exports

STS of oil finds new Greek location

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