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Keyword
cargo

Container ship, heavily loaded, at sea.
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War and other factors loom over shipping sector: report

May 27, 2022 Philip Porado

While fewer total losses of cargo ships worldwide is good news for marine insurers, the number of shipping casualties rose during 2021, said Allianz Global Corporate & Specialty’s (AGCS) annual Safety & Shipping Review. Globally, 54 total vessel losses were

Large distribution centre with many trucks
News Insurance

How supply chain back-ups are contributing to cargo theft

March 9, 2022 by Jason Contant

Supply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s

Ships work to control a fire onboard the MV Zim Kingston
News Insurance

Debris from cargo ship spill last fall spreading along B.C. coast: beach cleaners

March 7, 2022 The Canadian Press

TOFINO, B.C. – A volunteer organization that has been cleaning up debris from a cargo ship that lost 109 containers off the B.C. coast last fall says the incident should be a wake-up call to the need for more urgent

News Insurance

NFP’s Canadian offices partner with U.K. insurtech Loadsure

November 22, 2021 Canadian Underwriter Staff

Broker and consultant NFP’s Canadian-based offices formed an exclusive partnership with U.K.-based Loadsure to obtain instant- and on-demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally. The agreement includes inland transit. NFP has over 800 employees

News Insurance

105 containers that fell off cargo ship believed to have sunk: coast guard

November 11, 2021 The Canadian Press

VICTORIA – The Canadian Coast Guard says it believes that many, if not all, of the 109 containers that fell from a cargo ship off Victoria in late October have sunk. The containers were tossed from the MV Zim Kingston

News Insurance

Salvage crew’s access to smouldering ship hampered by storm on B.C.’s coast

October 25, 2021 The Canadian Press

VICTORIA – The Canadian Coast Guard says a fire aboard a container ship off the coast of Victoria continues to smoulder. The coast guard says in a statement posted on social media that a salvage crew from Resolve Marine is

News Insurance

Port of Montreal volumes fall for first time in seven years due to pandemic, strikes

May 3, 2021 The Canadian Press

MONTREAL – The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per

News ClaimsClaims CanadaInsuranceLegal

What can happen if cargo and business interruption insurer file separate subrogated claims

November 24, 2020 by Greg Meckbach

Two subrogated commercial claims, for a total of about $1.5 million, may be headed to trial in Ontario. Among the issues are how Ontario’s Carriage of Goods Regulation applies to goods going in and out of province, and whether a

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COVID 19: Crews aboard cargo ships being denied shore leave for longer periods

April 9, 2020 Michael MacDonald - THE CANADIAN PRESS

HALIFAX – Though international shipping lanes and Canada’s major ports remain open for business, the COVID-19 pandemic is making life miserable for many seafarers. Under the latest rules, Canadian crews aboard most Canadian-flagged cargo vessels have agreed not to leave

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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

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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.