Hints and tips:
...Two marine experts said this would require the owners to show they did not have any previous knowledge of problems with the ship....
...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....
...And then he was, after two years of negotiation, put back in power by the United States on the back of about 25,000 marines....
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...The insurance dispute that created a traffic jam of oil tankers outside Turkey’s waters has been resolved, according to one of the marine insurers involved....
...In the wider market, many marine insurers have had to underwrite passages across the Black Sea on a so-called “net” basis, ie without any reinsurance backing, market participants say....
...UK, EU and US to ban the provision of property and indemnity insurance, via mutual industry clubs....
...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....
...Other claims could flow to the ship’s protection and indemnity insurance, provided by the UK P&I Club, a mutual insurer owned by shipowners....
...The Ever Given’s professional and indemnity cover is provided by UK P&I Club, a mutual insurer for shipowners, which said it was not “appropriate” to comment on potential claims....
...Movers this year include Alex Jomaa, who went from CFC Underwriting to Tokio Marine Kiln in London in February, and Kara Owens, who in March moved to US-based Markel from rival TransRe....
...His comments came as Beazley reported first-half results which demonstrated the importance of specialist products, such as cyber and professional indemnity insurance, to the group....
...The underwriter operates across professional indemnity, property, marine, reinsurance, accident and life, as well as political risk. It wrote gross premiums of just over $2bn in 2015....
...These include property and casualty insurance, professional indemnity and medical stop-loss....
...With this decision Italy becomes exactly as other countries, if you decide to fire somebody you must pay an indemnity established by law, not a judge....
...The incident is the latest to illustrate the effect EU sanctions on marine insurers are having on trade with both Syria and Iran....
...Mr Bardot’s views reflect widespread concern among protection and indemnity (P&I) insurers about unforeseen consequences of the Iran sanctions, which explicitly cover insurance payments....
...The indemnity doctrine, which precludes a buyer from insuring property for more than it’s worth, soon followed....
...., a unit of German insurer Allianz AG ; Travelers Indemnity Co. and Gulf Insurance Co., now both part of St. Paul Travelers Cos....
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