Cargo News

Iran Flexes Military Muscle in Persian Gulf, Amid Rising Tensions

With tensions over its roles in Yemen, Iraq and Syria already high, Iran is flexing its military muscle in the Persian Gulf. For the third time in as many weeks, Islamic Revolutionary Guard Corps patrol boats have fired at or …

Iranian Boats Fired Shots Across Bow of Singapore-Flagged Ship in Persian Gulf

Four Iranian patrol boats fired warning shots across the bow of a Singapore-flagged merchant ship in the Persian Gulf on Thursday before it escaped into the territorial waters of the United Arab Emirates, according to the U.A.E.’s coast guard. “The …

Growing Yemen War Risk Threatens Vital Sea Routes; Premiums Likely to Jump

With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Millions of barrels of oil pass through the Bab el-Mandeb and …

DUAL Launches Marine Operations in The Netherlands

DUAL, the underwriting agency arm of Hyperion Insurance Group, has opened its first office in The Netherlands. The Rotterdam office will initially write marine and energy lines with DUAL’s complete suite of products added over time, according to DUAL in …

Yemen Conflict Adds to Worries for Ships Dodging Pirates, Terror

When it comes to world trade, a 17-day shortcut trumps terror, piracy and now bombs. That’s the time a supertanker saves by using the Bab el-Mandeb waterway that skirts Yemen at the southern tip of the Arabian Peninsula, rather than …

Claim Concepts & Solutions – CC&S is pleased to announce the formation of its sister company Recovery Concepts & Solutions, LLC – RC&S, providing Expert Subrogation & Tort Recovery

CC&S is a premier national auditing group providing specialized audits to the risk industry including, best practices,  reserve adequacy, inventory evaluations, claim file audits and inventory reduction concepts and methodologies. In line with CC&S depth and focus, RC&S combines seasoned, …

Canada Eyes Insurance Pollution Fund for Oil-By-Rail Risks

The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said. The …

ACE Introduces Passenger Accident Insurance for Motor Carriers

ACE Group has introduced standalone passenger accident insurance for motor carriers. The coverage provides accidental death and dismemberment and accident medical/dental expense benefit coverage for authorized passengers who are injured while traveling with a driver who is working under the …

Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage

Two of the nation’s largest property/casualty insurer trade associations have weighed in with Illinois lawmakers on the subject of insurance coverage for commercial rideshare companies, saying such companies should be regulated in the same manner as other “for hire” auto …

Competing Bills to Address Safety of Oil Transport In Washington

Washington state lawmakers are considering competing measures that try to address potential risks as more crude oil is shipped by rail into the state. The Senate Ways and Means Committee heard testimony on a mostly Republican-backed bill that would study …