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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 …

Marine 130
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AXA Launches a Course to Raise Awareness for Marine Ecosystem Protection

Top Insurance Blogs

This new initiative seeks to highlight the critical role oceans play in regulating Earth’s climate and the urgent need to protect marine ecosystems from growing environmental threats.

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Dutch Marine Services Provider Boskalis to Salvage UK Ship Collision Tanker

Insurance Journal

Dutch marine provider Boskalis will salvage the U.S.-flagged flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports. He could not give a time frame …

Marine 215
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India Approves More Russian Insurers to Provide Marine Cover

Insurance Journal

India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top …

Marine 192
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Mastering Inland Marine Insurance: A Broker’s Guide

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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? Inland marine insurance provides coverage for property that moves between locations.

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

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In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market. Earthquake and flood coverage : Provides protection for damage to the building and common areas caused by earthquakes or floods.

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Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India

Insurance Journal

Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. Russian firms provided insurance cover for …