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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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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage. This coverage is required in most states.

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

Distinguished

This multimillion dollar payout goes far and above many apartment building liability insurance limits and highlights why having comprehensive umbrella insurance to fall back on can be so important for your clients. This allows the owner-occupant to insure both the building and their personal unit under the same policy.

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Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

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‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Insurance Journal

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

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Small Plastic Pellets Wash Up on UK Shores After Ship Explosions

Insurance Journal

Small plastic pellets washed up on the east coast of the UK, a week after two ships collided in the country’s waters. Nurdles, which are used to make plastic products and are usually just a few millimeters in size, were …

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SC Party Boat Shooting Victim Lawyer Says No One Checked IDs or For Weapons

Insurance Journal

No one was checking IDs or for weapons before a party boat cruise that ended with a shooting that hurt 11 people in South Carolina over Memorial Day weekend, a lawyer for one of the victims said. Police have announced …