Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo April 5, 2023 Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London....
Does a Shipper Have Duty to Obtain Sufficient Insurance for Goods? February 28, 2023 By Andrew G. Simpson In a dispute over artwork lost in transit, a New York federal judge has ruled that FedEx Ground was liable...
Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud February 10, 2023 By Archie Hunter and Jack Farchy Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought...
400 Groups Urge U.S. Lawmakers to Take ‘Immediate Steps’ to Block Potential Rail Strike November 28, 2022 By David Shepardson More than 400 groups on Monday called on Congress to intervene in an ongoing railroad labor standoff that threatens to...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s October 13, 2022 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s...
Pay-As-You-Go Cargo MGA Closing Insurance Protection Gap for Shippers October 4, 2022 By L.S. Howard After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight...
Insurtech MGA Loadsure Offers Smart Annual Cargo Insurance June 7, 2022 InsurTech MGA Loadsure announced the launch of its new smart annual cargo product, Cargo Plus. The new offering is an...
Howden Launches End-to-End Digital Trading Platform for Cargo Risks May 11, 2022 Howden, the London-based international insurance broker, announced the launch of xTrade Cargo, the first end-to-end digital trading platform dedicated to...
Markets/Coverages: Falvey’s Cyber Cover for Cargo; PHLY’s New Commercial Line; CoverEase’s Workers’ Comp; Mile Auto’s Telematics March 28, 2022 Falvey Cargo Underwriting Offers Cyber for Cargo Falvey Cargo Underwriting announced its latest product offering, Cyber for Cargo, to help...
Insurtech MGA Loadsure Raises $11M to Expand Cargo Insurance Technology Platform March 11, 2022 Insurtech MGA Loadsure announced that it closed its $11 million Series A funding round, led by MMC Ventures. Other investors...