Insurance

New ABYC Categories for Insurance, Law Firms

The American Boat & Yacht Council (ABYC) is now offering a new membership category designed for insurance companies and law firms operating in the marine industry.

American Club Expands E-Learning Offering

The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance

Response Firm Coordinates Indian Ocean Rower Rescue

Global Rescue, a crisis response firm providing medical, security, evacuation, and travel risk management services, says it has coordinated the rescue of a rower

South Korea Ferry Survivors Demand Answers

Teenage survivors of South Korea's worst maritime disaster in 20 years, many wearing yellow bracelets, walked out of classrooms on Tuesday and marched on parliament

Engineers Attach Final Tow Chains to Costa Concordia

Salvage going to plan, hulk due to depart July 21. Engineers were securing the final chains to the Costa Concordia on Tuesday, preparing the wrecked luxury liner

TT Club Backs Young Freight Forwarder Award

TT Club is continuing its sponsorship of FIATA’s Young International Freight Forwarder of the Year Award.  The relationship between the two organizations in relation

Iran Oil Tanker Firm Still Faces Sanctions

Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even

Costa Concordia Refloated

The wreck of the luxury liner Costa Concordia was refloated on Monday and will soon be towed away and broken up for scrap, more than two years after it capsized off the Italian coast,

AEU Hires Ruizas as Loss Control Manager

The American Equity Underwriters, Inc. (AEU) recently hired Ray Ruizas Loss Control Manager. Ruizas’ safety experience includes five years at a large shipyard in Port Arthur,

TT Club Supports Supply Chain Learning Initiative

TT Club announced its support for a unique learning initiative – Business on the Move. The educational tool takes the form of a board game which is designed to

Collision Halts Statoil Oseberg Platform Production

Statoil shut its oil platform at the Oseberg East field offshore Norway after a collision with a supply vessel but production was expected to restart later the same day, a spokesman said.

Call for International Action on Ports of Refuge

John M Lyras, Chairman of the London P&I Club, has called for concerted international action on the provision of places of refuge for ships involved in casualties.

MOL to Launch Arctic Ocean LNG Route

Japan's Mitsui OSK Lines Ltd (MOL) said on Wednesday that it will start transporting liquefied natural gas (LNG) through the Arctic Ocean in 2018 using icebreaker LNG tankers.

Petro-Pirates Plague Busy SE Asia Lanes

In the dead of night, as his fuel tanker sailed through the narrowest section of one of the world's busiest waterways, Captain Thiwa Saman was wrenched from sleep and pitched into a waking nightmare.

Report Makes Light Work of Heavy Weather

Modern weather routing techniques have made facing heavy weather considerably less hazardous for the modern mariner than for his forbears. However such techniques

One Dead as Typhoon Batters Okinawa

One man died, more than 500,000 people were urged to evacuate and hundreds of flights were cancelled in Japan as a strong typhoon brought torrential rain and high

Super Typhoon Headed for Japan, Emergency Warnings Issued

Japan's weather agency on Monday issued emergency warnings to urge people in the country's southern islands to take maximum precautions as a super typhoon described

XL Group Grows in Asia

XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter.

Piling It On: Oil Spill Liability

Overlapping State and Federal Requirements for Vessel Discharges, Abandoned Vessels, and Oil Spill Liability While the U.S. Congress can create and pass legislation,

Risk Assessments: the Critical Heart of Underwriting

Underwriters must do their homework and those who do that will generally have solid results. Insurers, by definition, are in the business of risk. Hence, risk

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