Insurers Can’t Ask Punitive Damages in Marine Cargo Contract Dispute

Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a…

Three Killed in Houthi Attacks on Cargo Ships, One Vessel Sinks, in Red Sea

Houthi attacks on cargo ships in the Red Sea killed three crew members, sank one vessel,…

Willis Launches $200M Cargo Facility for Rising Geopolitical Risks

Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a…

Hiscox Offers Digital Cover for Small Cargo, Stock Throughput Risks

Hiscox, the Bermuda-based global specialist insurer, has launched a new Cargo API (application programming interface)-based solution,…

Cargo Theft Up 27% in 2024 With Continued Rise Expected: NICB

Tariffs, enhanced technology to defeat law enforcement along with profitability of criminal enterprises, and geopolitical circumstances…

Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure

The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty…

Inside the $455M Cargo Theft Surge – 4 Ways to Protect Your Fleet

This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an…

Burning Cargo Ship Carrying 3,000 Vehicles Abandoned Off Alaska

The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it…

Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home

A Norwegian man awoke to find that a cargo ship had run aground and narrowly missed…