North Sea Ship Collision Could Cost Insurers up to $100M, Hitting Marine Line Profits March 13, 2025 By L.S. Howard The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk September 17, 2024 By Alex Longley Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers...
Yacht Insurer OMAC Is Hull Carrier for Yacht Sunk Off Sicily, Sources Say August 22, 2024 By Noor Zainab Hussain Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit...
Insurance Firms Deny Chevron’s $57 Million Claim for Iran Oil Seizure May 9, 2024 Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to...
Lloyd’s Insurers Don’t Expect Big Claims From Baltimore Bridge Collapse May 8, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
US, UK Ship Investors Hit By Soaring Red Sea Insurance – Sources February 8, 2024 By Jonathan Saul and Carolyn Cohn War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for...
Ukraine Starts Registering Ships for Black Sea Corridor, News Agency Reports August 15, 2023 Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use...
Ship Insurance Claims to Rise as Black Sea Remains High Risk Area: Allianz May 10, 2022 By Jonathan Saul Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine...
Insurance industry Joins Push to Decarbonize Global Shipping December 16, 2021 LONDON– Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of...
Mariners Adds New Florida Regional Manager May 5, 2014 Calif.-based Mariners General Insurance Group announced the addition of Richard (Rick) Mallard effective immediately. Mallard, a 34-year veteran of the...