COVID-19 once again poses an intensifying threat to supply chain resilience. Marine reinsurers and insurers, in particular, should stay vigilant as to the potential implications for the risk environment. Low rates of vaccination, the continued problem of crews stranded at …
In the event of a natural catastrophe, two ports in Nagoya, Japan and Guangzhou, China, would suffer the greatest losses at $2.3 billion and $2 billion respectively, according to RMS analysis of the catastrophe risk associated with the world’s ports. …
In their first major industry gathering since the deadly Costa Concordia accident, cruise line chief executives defended their overall safety record on Tuesday and said they were confident of better days ahead. The Concordia capsized off Italy in January, killing …
More ship insurers are backing the use of private armed guards on merchant vessels at sea to combat Somali piracy as attacks and the resulting costs are set to rise in coming weeks, industry officials said on Tuesday. Pirate attacks …