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North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits

Insurance Journal

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …

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Red Sea Insurance Premium Spikes as Houthi Risks Return

Insurance Journal

The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pay …

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Mastering Inland Marine Insurance: A Broker’s Guide

Distinguished

Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Who Needs Inland Marine Insurance?

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Mideast Ship Insurance Costs Jump Following Iran-Israel Attacks

Insurance Journal

The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

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From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. Let’s dive in!

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How Much New Risk Can Insurance Customers and Insurers Take?

Majesco

Today’s insurance customer is under pressure and assault from every angle: Cyber criminals are using data breaches to access bank accounts and credit. Our short-term response is raising the cost of insurance. We can see how insurance premiums are affecting the gulf coast and now, California.