Latest Ocean Marine Headlines
All the headlines from our Ocean Marine Topic Page, ordered by recency.
Crews Removing Overturned Cargo Ship in Georgia Port Rush to Beat Hurricane Season
Feb 4 2020 // The salvage team in charge of removing a cargo ship that overturned on the Georgia coast nearly five months ago wants to surround it with a giant mesh screen to contain any loose debris as the vessel gets cut into...
Salvage Company to Extract Overturned Cargo Ship in Georgia Port
Jan 13 2020 // A Texas-based salvage company will cut up and remove a 656-foot (200- meter) shipwreck from St. Simons Sound off the coast of Georgia. The Coast Guard’s Unified Command has hired T&T Salvage LLC of Galveston to...
Insurance Journal’s Top 10 Southeast Region Stories of 2019
Jan 2 2020 // It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the...
Oil from Capsized Cargo Ship Found Along Georgia Coast
Sep 26 2019 // Authorities say oil from an overturned cargo ship has reached several parts of Georgia’s shoreline, leaving a sheen in marshes and oiled debris on beaches. State and federal authorities overseeing the cleanup say...
Ocean Marine Insurers Face New Risks, Challenges in Changing Segment
Sep 26 2019 // Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance industry. Since those early days, marine products have evolved as risks and exposures...
Sentinel Marine Underwriters Hires Chung in New York City, Klein in Baltimore
Sep 16 2019 // Sentinel Marine Underwriters (SMU), a specialty managing general agency that is part of AmWINS Underwriting and is dedicated to providing cargo-in-transit and cargo stock-throughput insurance for a variety of insureds in...
Investigators Trying to Determine Cause of Overturned Cargo Ship in Georgia Port
Sep 13 2019 // As authorities try to answer why a cargo ship carrying 4,200 vehicles overturned on the Georgia coast, maritime experts say investigators will be looking for shifting cargo or other problems that upset the giant...
Four Missing Crew Members Rescued from Overturned Cargo Ship at Georgia Port
Sep 11 2019 // Coast Guard rescuers pulled four trapped men alive from a capsized cargo ship Monday, drilling into the hull’s steel plates to extract the crew members more than a day after their vessel overturned while leaving a...
Cargo Ship Overturns Near Georgia Port; 4 Crew Members Missing
Sep 9 2019 // Rescuers were searching Sunday for four crew members of a cargo ship that overturned and caught fire near a port on the Georgia coast, the U.S. Coast Guard said. The Golden Ray cargo ship ran into trouble in the early...
AXA XL, Vindati to Offer Ocean Cargo Insurance Via Online Platform
Jul 29 2019 // AXA XL’s U.S. marine insurance business and Vindati, an insurtech managing general underwriter (MGU) offering specialty products and an integrated shopping experience for brokers and agents, have partnered to offer...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals
Jun 24 2019 // Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums for marine...
International Marine Underwriters Enhances Ocean Cargo Coverage
May 30 2019 // International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has enhanced its ocean cargo policy with new coverages to address the needs of an increasingly global ocean marine market and a redesigned...
Cargo Ship Sinks in Rough Seas off Coast of Turkey; 2 Crew Members Killed
Jan 8 2019 // At least two crew members were killed on Monday after a cargo ship sank in rough seas off Turkey’s Black Sea coast, officials and media reports said. Seven crew members were rescued while a search was underway for...
Containers Carrying Hazardous Materials Fall Off Cargo Ship Near Dutch Coast
Jan 4 2019 // Authorities in Germany and the Netherlands are searching for up to 270 shipping containers lost at sea by a cargo ship caught in a storm, saying some are carrying hazardous materials. German authorities say the cargo ship...
First Blockchain for Marine Insurance Now Running
May 25 2018 // A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses. EY, Guardtime, A.P. Møller-Maersk,...
SafeWaters Forms Agreement with Aspen Insurance to Expand Ocean Marine Coverage
Feb 15 2018 // SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance...
People
Jan 8 2018 // Encino, Calif.-based Answer Financial has named Kevin Smith director of business development. Smith will report to Tom Capp, senior vice president of business development. Smith has more than 25 years of experience within...
Pioneer Taps McAbee to Launch Ocean Marine Division in Washington
Jan 2 2018 // Pioneer Underwriters has added Zach McAbee as head of ocean marine. McAbee is based in Seattle, Wash. and reports to Gene Hinman, chief executive officer of Pioneer’s U.S. operation. The new division under McAbee...
Factbox: Growing List of Insurers Make Brexit Plans for EU Subsidiaries
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit: ADMIRAL. British motor insurer Admiral Group said last year that it could...
Factbox: More Insurers Make Decisions About Post-Brexit Headquarters
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union. Below are insurers’ plans for EU subsidiaries (in...
