Cargo Insurance

  ONE Apus via Twitter   On November 30th, the cargo ship, ONE Apus, sailing from Yantian, China to Long Beach, CA, encountered severe weather. Swells exceeding 20 feet struck the vessel. An estimated 1816 containers were lost overboard, and containers remaining onboard received significant damage. Current estimates are that over $200 million worth of cargo was […]

The insurance industry is highly cyclical. A soft market cycle is defined by lower insurance premiums, broader appetite and coverage, increased capacity (the availability of high limits), and greater underwriting flexibility. Alternatively, a hard market is characterized by higher insurance premiums, diminished capacity, more conservative underwriting, and fewer carriers writing certain coverage lines and specific […]

    By Rick Bridges (VP, Client Development) and Grant E. Goldsmith (VP, National Accounts)   Warehousing risk is complicated with multiple stakeholders involved in the supply chain with varying levels of responsibility for the cargo. To effectively put together solutions to finance risks, warehouse providers require an insurance broker who understands not only their […]

  Beefing Up Mitigation Measures Essential for Supply Chain Security The coronavirus has upended our lives and businesses with stay-at-home orders, shutdowns, and limited crews to handle ongoing operations with remote work as the new normal. Amid this changing environment, criminals are taking full advantage of the disruption and high demand for personal protective equipment […]

Cargo Insurance Fundamentals Explained for Logistics Service Providers  We’re thrilled to release the *NEW* e-Book titled, CARGO INSURANCE e-SSENTIALS.  This e-Book was developed to serve as a valuable resource and reference document for Logistics Service Providers and those involved in Supply Chain Logistics. This is the first resource planned in a series of insurance and […]

    Multipurpose covers a huge variation of vessels including heavy-lift capability, but all are typically geared with some type of crane or derrick. In this modern age, multipurpose vessels will also have hatch openings that allow full access to ’tween decks and lower holds. While ’tween decks can be fixed but often flexible in […]