Keyword
Shipping
New risks arising from Canadian arctic shipping
July 17, 2018 by Greg MeckbachAs shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and…
Known, hidden risks in supply chains demand an overall strategy for evaluating and mitigating risk: QBE
April 26, 2017 Angela StelmakowichPHILADELPHIA – The multitude and variety of risks are becoming more predictable, indicating multinational and domestic companies can benefit from taking a look at how global interdependence affects each link of their supply chain, says Jamie Luce, senior vice president,…
Hundreds of icebergs clog shipping lanes, forcing ships to reroute
April 10, 2017 The Canadian PressST. JOHN’S, N.L. – More icebergs have drifted into major shipping lanes off Newfoundland, forcing ships to go far out of their way to steer clear of the massive ice mountains. “It’s the only place in the world where icebergs…
Larger liability claims expected to become more expensive, complex: AGCS
March 30, 2017 by Canadian UnderwriterThere is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,…
Worldwide shipments of 3D printers to grow 108% in 2016: Gartner
October 14, 2016 by Canadian UnderwriterWorldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company…
Latest container shipping defaults expected to be followed by more M&A: Fitch Ratings
September 6, 2016 by Canadian UnderwriterFitch Ratings expects more defaults and mergers and acquisitions activity in both the short and medium terms for container shipping, but adds this “will only restore equilibrium and boost freight rates if they prompt capacity reduction.” The comments follow Korean…
Sea piracy drops to 21-year low in first half of 2016: global report
July 26, 2016 by Canadian UnderwriterDespite 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…