The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb c...
Lloyd's of London underwriting improved in 6 of its 8 business lines in 2023
Lloyd's of London reported its best underwriting performance in 16 years in 2023 thanks partly to improvements in all but two of its major business lines....
Lloyd's of London reported its best underwriting performance in 16 years in 2023 thanks partly to improvements in all but two of its major business lines....
Article / 2 months ago
Wrangle over Baltimore bridge claim begins as shipowner seeks to cap liability
The marine reinsurance industry is facing one of its biggest-ever claims payouts after container ship Dali struck the Francis Scott Key Bridge in Baltimore....
The marine reinsurance industry is facing one of its biggest-ever claims payouts after container ship Dali struck the Francis Scott Key Bridge in Baltimore....
Article / 3 months ago
Baltimore bridge collapse underscores importance of insurance – Lloyd's CEO
The collapse of the Francis Scott Key Bridge in Baltimore will give the insurance industry an opportunity to demonstrate its worth, according to Lloyd's of...
The collapse of the Francis Scott Key Bridge in Baltimore will give the insurance industry an opportunity to demonstrate its worth, according to Lloyd's of...
Article / 3 months ago
Baltimore channel clearing could take 10-14 days – marine salvage experts
The cargo ship Dali rammed into the Francis Scott Key Bridge on March 26, blocking Baltimore's inner harbor. Source: Getty Images....
The cargo ship Dali rammed into the Francis Scott Key Bridge on March 26, blocking Baltimore's inner harbor. Source: Getty Images....
Article / 3 months ago
Reinsurers, marine market to bear brunt of Baltimore bridge collapse
The Singapore-registered container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, Md., on March 26....
The Singapore-registered container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, Md., on March 26....
Article / 3 months ago
Aging Tankers, ESG Obligations and Compliance Consequences
Following the explosion in May 2023 onboard the Pablo, a 26-year-old tanker vessel of 97,000 DWT resulting in loss of life but avoiding environmental catastrophe...
Following the explosion in May 2023 onboard the Pablo, a 26-year-old tanker vessel of 97,000 DWT resulting in loss of life but avoiding environmental catastrophe...
Article / 9 months ago
As disasters multiply, container ship insurers face troubled seas
Claims involving large container ships are rising along with the size of vessels, marine insurance experts say. Work is underway to reduce the range of risks...
Claims involving large container ships are rising along with the size of vessels, marine insurance experts say. Work is underway to reduce the range of risks...
Article / 3 years ago
X-Press Pearl loss will add to insurers' container ship headaches
Claims experts anticipate that the vessel will be considered total constructive loss, and said that the event highlights persistent problems across the industry...
Claims experts anticipate that the vessel will be considered total constructive loss, and said that the event highlights persistent problems across the industry...
Article / 3 years ago