How Will Brexit Impact the U.S. Insurance Market?
While the UK has not been a member of the European Union (EU) since January 31, 2020, known as Brexit Day, the rules for the new UK-EU relationship are still undecided. The 11-month transition period ends on December 31, 2020, and the deadline for extending it has passed with no trade deal in sight. […]
Significant Losses to the Cargo Market: Storage Facility Fires
Continuing our series of reports on the major losses impacting the cargo market, this article focuses on the most basic element of insurance coverage—fire—and a swath of large warehouse fires that have resulted in the market’s increased attention on locations with large single stretch limits, adequate fire protection underwriting, and changed the way the... […]
Get To Know Mark Coppa
This month’s team spotlight features Mark Coppa. A recent hire at Falvey Cargo, Mark has quickly proved himself to be an outstanding “rookie” and helped our team provide the best service to clients. […]
Incoterms® 2020: Defining FAS, FOB, CFR & CIF
For the last article in our blog series breaking down Incoterms®2020, we’ll explain the four rules that apply specifically to sea and inland waterway transport. In our previous articles, we addressed the first eight terms that cover any mode of transport. (See “Defining DAP, DPU & DDP” and “Defining EXW, FCA, CPT & CIP .”) […]
Incoterms® 2020: Defining DAP, DPU & DDP
In this article, we continue our blog series that explains all 11 rules in Incoterms® 2020 and spotlight DAP, DPU, and DDP. We recommend familiarizing yourself with these rules so you can utilize them in your everyday sales transactions . […]
Product, Defect, Recall, and Contamination Coverage For Pharmaceuticals & Medical Devices
Operating in one of the most highly regulated environments makes it challenging to avoid the fallout from a costly recall. Falvey’s new Product, Defect, Recall, and Contamination (PDRC) coverage can help you do just that. Our PDRC coverage is specifically intended to protect pharmaceutical and medical device manufacturers from the financial and... […]
Product, Defect, Recall, and Contamination Coverage For Food and Drink Products
After the recent introduction of our Product, Defect, Recall, and Contamination (PDRC) coverage, we wanted to explain more about each aspect of the coverage. For this article, we’ll break down how PDRC protects food and drink manufacturers and suppliers from financial and reputational damage in the case of a recall. […]
Product, Defect, Recall, and Contamination Coverage For Consumer Durables
Facing a recall on a finished good? Falvey Insurance Group recently introduced our new Product, Defect, Recall, and Contamination (PDRC) coverage. One element of our comprehensive PDRC policy is specifically focused on consumer durables: This coverage protects final product consumer goods manufacturers from the financial and reputational damages... […]
Product, Defect, Recall, and Contamination Coverage For Automotive Component Manufacturers and Suppliers
Falvey Insurance Group was excited to recently debut our Product, Defect, Recall, and Contamination (PDRC) coverage. In the wake of that announcement, we’re publishing a series of in-depth blogs that explain how this coverage can protect a variety of businesses and products. This article in our series focuses on the automotive industry. […]
Stock Throughput and Product Defect, Recall & Contamination Coverage – A Fitting Policy Pairing
A stock throughput policy (STP) is used to insure items from the time they are shipped, manufactured, processed, stored as inventory, and eventually delivered to their final destination, be it a storage facility or customers’ locations. […]
