An excess of capacity, new competition among carriers and increased measures against cargo theft characterize the landscape of the Inland Marine segment, the vast and varied coverage area that encompasses any type of shipment that does not travel over an ocean, including fine art and jewelry.
Insurance losses for 2012s summer derecho storms in the Midwest have reached $845 million in Ohio, nearly double the Ohio Insurance Institute's initial estimate of $440 million.
Insurance companies continue to provide piracy cover to ships traveling in the troubled Horn of Africa regions, but piracy remains a significant problem, a representative of the Lloyds Market Association told Congress.
Insurance companies continue to provide piracy cover to ships traveling in the troubled Horn of Africa regions, but piracy remains a significant problem, a representative of the Lloyds Market Association told Congress.