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...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...Its platform streamlines access to private programmes and government benefits such as Medicaid, a US government health insurance programme for people on low incomes....
...For the airline, which updated its investors on Thursday, the loss of the Airbus A350 aircraft will be covered by insurance....
...The planes collided, causing an accident in which five of the six-member coastguard crew were killed....
...Co. Smith & Nephew Associated Co’s. Standard Chartered Bank Sun Alliance & London Insurance (RSA Insurance) Tesco Unilever Whitbread & Co....
...But it described the accident as “an exceedingly rare event” that had not been included in any of the scenarios outlined by regulators or insurance industry bodies, nor come up in its “millions of miles...
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
...He raised concerns about the reliability and ability of non-IG insurers to handle a spill or other accident....
...It’s not that there are actually more car accidents happening. It’s that the car accidents happening are getting higher insurance payouts....
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...The retraction undermined their original findings that those who signed a declaration at the start of a tax form and a car insurance company claims audit were more honest....
...Sam Richardson So it’s which.co.uk/insurance. Claer Barrett Excellent. We’ll put a link to that in the show notes too....
...many of the shipments were probably using may not prove effective in the event of an accident....
...The International Group of P&I Clubs, which provides prevention and indemnity insurance to 90 per cent of the industry, has said it cannot comply....
...Some local authorities can take weeks to provide search results and you may need to obtain indemnity insurance to cover any outstanding information, so the sooner you get started with this the better....
...The software group, now known as Watchstone, said that investment bank Greenhill & Co then shared the information with its client Slater and Gordon, resulting in it gaining leverage to submit a lower bid...
...Ünal Baylan, Turkey’s maritime director-general, wrote to shipowners and insurers on November 16 requesting that maritime protection and indemnity providers, known as P&I clubs, provide additional letters...
...When I asked myself later what I’d learnt this summer, it occurred to me it wasn’t an accident these foundings coincided in December 2021....
...Gillian Tett (Opinion, April 29) suggests that the global impact of sanctions against Russia could be enhanced by bans on the provision of property and indemnity (or liability) insurance to vessels carrying...
...One key area of marine insurance is liability cover, which covers shipowners for huge accidents such as oil or bunker fuel spills that can incur multibillion-dollar claims....
...Certainly you could do that with financial planners now to co-ordinate that family, and so the cost is shared across them....
...The 32-year-old, from Bury, Greater Manchester, decamped to a local hospital’s accident and emergency department, the pain so intense he could barely “speak, walk or sit”....
...“It’s like an insurance company that doesn’t pay out when you have an accident,” he said....
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