Canadian Underwriter

Keyword
cargo

News InsuranceMarkets / CoveragesProducts

BHSI introduces motor truck cargo legal liability insurance in Canada

October 18, 2017 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) said on Wednesday that it has expanded into inland marine product line in Canada with the launch of its motor truck cargo legal liability policy. The product protects against the legal liability exposure commercial truckers

News Insurance

Global marine underwriting premiums continue to fall: International Union of Marine Insurance

September 18, 2017 by Canadian Underwriter

Global marine underwriting premiums for 2016 fell to US$27.5, a 9% reduction from 2015, the International Union of Marine Insurance (IUMI) reported on Monday. The association presented its annual statistical report on the marine insurance market at the IUMI 2017

Feature LegalMergers and Aqcuisitions

Contract of Carriage

July 4, 2017 Shubham Gupta, Loss Adjuster, Charles Taylor Adjusting

A bill of lading is the first document that everyone looks for whenever there is any cargo claim. That said, insurers are advised not to rely solely on such documents. Appropriate investigation of all aspects discussed by the various contracting parties, whether written or oral, is also critically important.

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Federal government introduces proposed Oil Tanker Moratorium Act for ports or marine installations in northern B.C.

May 12, 2017 by Canadian Underwriter

The federal government has introduced a bill that would prohibit oil tankers carrying more than 12,500 metric tonnes of crude oil or “persistent oils” from stopping, loading or unloading any of these oils at ports or marine installations in northern

News InsuranceLegislation / RegulationMergers and Aqcuisitions

TT Club offers advice on packaging, securing coiled materials in containers

January 17, 2017 by Canadian Underwriter

Specialist freight transport insurer TT Club has issued specific guidance on packing and securing coiled materials in containers in a bid to prevent the costly and potentially injurious consequences of improperly secured coils. Investigations into incidents along the international supply

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Marine market faced with “aging fleet of vessels,” CBMU president says

December 5, 2016 by Canadian Underwriter

The marine insurance market is “very competitive” and worldwide, premiums dropped 10.5% from 2014 to 2015, due in part to currency fluctuations, the president of the Canadian Board of Marine Underwriters said at a recent presentation. In the marine insurance

News AssociationsCatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

RMS estimates potential 1-in-500 year catastrophe loss at 10 sea ports

August 8, 2016 by Canadian Underwriter

Six of the ten ports with the highest potential insured loss from natural catastrophes are on the United States gulf coast, Risk Management Solutions (RMS) Inc. said in a release Monday. Newark, Calif.-based RMS ranked the top 10 ports in

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Sea piracy drops to 21-year low in first half of 2016: global report

July 26, 2016 by Canadian Underwriter

Despite a surge in kidnappings off West Africa, piracy and armed robbery at sea has fallen to its lowest levels since 1995, notes a new report issued Monday by the International Chamber of Commerce’s International Maritime Bureau (IMB). There were

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Eight (re)insurers join forces for marine cat model

April 1, 2016 by Canadian Underwriter

Sompo Canopius AG, a global specialty lines platform of Sompo Japan Nipponkoa Holdings Inc., announced on Thursday that it has partnered with catastrophe modelling marketing firm Risk Management Solutions (RMS) and six other (re)insurers for the specification and build of