Insurance
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Black Sea war risk rates heading north after Russian attacks
Insurers fear there might be a deliberate shift toward targeting merchant vessels
Baltimore bridge litigation: The US courtroom drama that doesn’t star Tom Cruise
Verdict could go either way, with legally well-founded claim for limitation pitched against understandable anger of entire city
Hull underwriting profits ‘too good’ right now, top broker contends
Brokers still play vital role despite rise of disintermediation, insists Louise Nevill
P&I club net income per gt hitting all-time highs, argues Marsh
Run of rate hikes in recent years ‘overdone’, according to biggest marine broker
Gard holds on to top slot in P&I market share ranking
‘P&I jungle’ is ‘full of dangerous and difficult issues’, argues broker Tysers
The Lloyd’s List Podcast: How healthy is the marine insurance market?
Law and insurance editor David Osler assembles a stellar line-up at the International Union of Marine Insurance annual conference in Berlin to assess the strength of the market in 2024
Billions in damage claims pile up in response to Baltimore bridge disaster
A long legal battle over the financial consequences of the Dali casualty lies ahead. The myriad claims filed in the Limitation of Liability Act case highlight just how far-reaching the fallout was, hitting everything from land-based businesses to ocean shipping to government coffers
IUMI Berlin: We can be heroes, just for four days
Keeping trade flowing is a moral endeavour, and shipping’s insurers deserve credit
Police do not care about cargo theft, IUMI told
‘If I were a criminal, this would be a very good business case. It’s a lot of money with very low risk,’ says Zurich risk management specialist
Shipowners’ Club sees first-half underwriting surplus almost triple
High retention rates indicate underwriting policy ‘appears to be not only disciplined but also acceptable to members,’ according to Tysers
US alleges ‘entirely avoidable’ Dali disaster was caused by negligence
The US government alleges that Dali’s transformer and circuit breakers were impacted by a previously known ‘heavy vibration’ problem, prior power outages were not reported as they should have been, and the bridge disaster would have been avoided if the transformer was not wrongly set to manual mode and two auxiliary engines were not wrongly fueled by flushing pumps
Dutch non-profit outlines causes for container losses at IUMI
‘Containerships are not intrinsically safe but are designed to be safely operable,’ argues project manager
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