A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction with Ukraine’s authorities, insurance broker Miller said on Tuesday.
Tag: ocean marine
Tanker Owner Set Fire to Ship for $77 Million in Insurance, Court Says
A Greek shipowner was behind an elaborate fraud plan in 2011 to set fire to his own tanker off the coast of Yemen to collect $77 million in insurance, according to a High Court judge in London. Judge Nigel Teare said Marios Iliopoulos, who is now the chief executive of Greek ferry company Seajets, coaxed… Continue reading Tanker Owner Set Fire to Ship for $77 Million in Insurance, Court Says
International Marine Underwriters Introduces Enhanced Ocean Cargo Coverage
International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has introduced an enhanced Ocean Cargo policy designed to address the needs of an increasingly global ocean marine market and enable customers to easily review coverage details on a redesigned form. “Our customers do business globally and require comprehensive coverage for all phases of shipping… Continue reading International Marine Underwriters Introduces Enhanced Ocean Cargo Coverage
Ocean Marine Insurance Leaders to Deliver Industry Update May 7
Ocean marine insurance leaders convene Tuesday, May 7, 2019, in New York City to review and forecast key trends at the American Institute of Marine Underwriters (AIMU) “Marine Insurance Issues 2019” seminar. “More than two dozen leaders from the ocean marine insurance world will present their perspectives at the education and networking event,” notes John… Continue reading Ocean Marine Insurance Leaders to Deliver Industry Update May 7
Retailers Share Liability for Misclassified Truck Drivers at California Ports under New Law
A new California law attempts to resolve a long-running dispute over wages and working conditions for port truck drivers by putting big retailers — who foot the freight bill — on the hook for labor violations by the cargo carriers. Senate Bill 1402, which Gov. Jerry Brown signed into law Saturday, is set to take… Continue reading Retailers Share Liability for Misclassified Truck Drivers at California Ports under New Law