Think of oil-related marine insurance claims and your mind might be drawn to the grounding of the Exxon Valdez off Alaska in 1989. But these big disasters make up a tiny proportion of claims in the shipping industry. Most are much smaller and generally go unnoticed outside the companies involved. (Credit: VanderWolf Images/Shutterstock.com) Think of oil-related marine insurance claims and your mind might be drawn to the grounding of the Exxon Valdez off Alaska in 1989. But these big disasters make up a tiny proportion of claims in the shipping industry. Most are much smaller and generally go unnoticed outside the companies involved. (Credit: VanderWolf Images/Shutterstock.com)

(Bloomberg Opinion) — Three weeks from now, it's going to get a lot more difficult to get compensation for any damage caused by tankers carrying Russian crude.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Catastrophe & Restoration
E&S/Specialty