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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 258
Risk Claim Insurance Insured 258
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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 249
Risk Protection Liability Insurance Marine 249
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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 245
Risk Damage Insurance Insured 245
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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 263
Risk Insurance Insured Insurer 263
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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. This coverage is required in most states.

Workers Compensation 52
Workers Compensation Liability Property Damage Inland Marine Insurance 52
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Risk of collision with offshore installations from attendant vessels

Insurance Marine News

MARCH 11, 2025

Join Us The post Risk of collision with offshore installations from attendant vessels appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Risk 102
Risk Marine Insurance Insured 102
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Scrap metal fires – is the IMSBC code adequately addressing the risks?

Insurance Marine News

JANUARY 28, 2025

Join Us The post Scrap metal fires is the IMSBC code adequately addressing the risks? appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Risk 95
Risk Marine Insurance Insured 95
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