Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela December 19, 2023 By Kevin Crowley and Alex Longley One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating...
Update: London Marine Insurers Widen High Risk Zone in Red Sea as Attacks Surge December 18, 2023 London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge...
Airlines Face Israel Insurance Alert in Wake of Weekend Attacks October 12, 2023 By Anna Ringstrom , Bart H. Meijer and Tim Hepher Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM canceling flights...
ACORD Releases Data Messaging Standard to Support London-Market Modernization September 7, 2023 ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting...
Insurers Reviewing Black Sea Ship Cover After Russia Quits Grain Deal: Sources July 17, 2023 By Jonathan Saul Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 9, 2023 By L.S. Howard The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the...
Viewpoint: Whither War and Cyber Operation Exclusions? April 4, 2023 By Vincent J. Vitkowsky The insurance industry is attempting to modernize war exclusions to address the 21st century risk of state-sponsored cyber operations. It...
London Market Insurers Publish Guidelines for Marine Casualty Claims March 17, 2023 New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of...
Lloyd’s Insurers Must Exclude Catastrophic State-Backed Cyber-Attacks August 19, 2022 Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to...
Insurers Get Safety Assurances for Ships Exporting Ukraine Grain Through Black Sea August 9, 2022 By Jonathan Saul and Michelle Nichols Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to...