Describes what constructive total loss is, supported by case findings in marine, homeowners, property and automobile physical damage.
Marine insurance has its own specific risks and terms describing them. The mishap of the ship Ever Given gives us an opportunity to review these terms.
Here we discuss early estimations of loss and damage from Ever Given's blockage of the Suez Canal and layered limits structure.
All 13 cases were dismissed with prejudice.
Bogus pirates boarded a ship and set fire to it. A corrupt salvage company failed to put out the flames. The owner of the tanker attempted to recover $77 million from the insurance company.
This article discusses insurance issues and piracy.
A complete explanation of the AAIS Motor Truck Cargo form including underwriting considerations.
Ocean Marine Insurance Reviewed on June 14, 2012 General Discussion of Cargo Insurance Summary: Marine cargo insurance covers…
Boat Dealer's Coverage under Marina Operators Form Q Our insured operates a boat dealership and marina. Coverage is under a Marina Operators form…
Ocean Marine—In Rem Action Discussion Q Our new client is interested in buying proper insurance coverage for his business exposures. We have…