Updates To Our Privacy Policy
Falvey Insurance Group and its member companies, which includes Falvey Cargo Underwriting, continue to keep your information protected and safe. […]
The Looming Threat of Cyberattacks On Cargo Shipping Technology
In June 2017, hackers launched a major global cyberattack using NotPetya malware. Shipping giant Maersk was one of the many European businesses affected, resulting in worldwide outages of its computer systems and forcing some port terminals to shut down. Considering this was one of the biggest disruptions of global shipping in history, Maersk restored... […]
Mysterious Loss Of Cargo: Defining and Dealing With Misappropriation
When cargo goes missing, shock waves hit the entire supply chain. Whether it’s the instability of emerging markets, falling commodity costs, or a variety of other reasons that your goods are put at risk in the supply chain, cargo misappropriation is a persistent threat. […]
Mega-Ships: The Answer Or The Problem?
Globalization and friendly international trade agreements have propelled a huge increase in marine traffic. Not only are more ships on the water, but bigger ships are traversing trade routes. And ship sizes continue to grow, spawning the term “mega-ships.” […]
5 Growing Risks In The Marine Industry
Container trade accounts for approximately 60 percent of all world seaborne trade, which was valued at around 12 trillion U.S. dollars in 2017. It’s clear that the marine industry is evolving quickly and there are some noticeable risk trends materializing. The recently published Lloyd’s of London Emerging Risk Report 2018 highlights several of these... […]
TRIPRA VS. Worldwide Terrorism (WWT) Coverage
On April 15th, 2013, two bombs were set off during the Boston Marathon killing 3 people, and injuring over 250 others. Although the tragedy of lives lost can’t be understated, there were also lasting effects that impacted surrounding businesses – with over $2.5 million in property damages claimed. Although the Property & Casualty (P&C) damages were... […]
Busiest Shipping Ports In The World
Curious to know which ports are the busiest in the world? There are several ways to define “busiest.” For the purpose of this article, we’ll look to the amount of container traffic that passes through ports to determine how busy a port is. Although these numbers change annually, most of these locations remain on the list of busiest ports year after year. […]
What Is A General Average?
When a maritime accident occurs, it’s up to those on board to handle the situation quickly and efficiently with the primary purpose of doing anything necessary to save the vessel and cargo. This can mean throwing or “sacrificing” cargo overboard, or in the event of fire, the flooding of a cargo hold through firefighting efforts, which ultimately saves... […]
What Is A Stock Throughput?
In the past, you’ve purchased multiple insurance policies to protect your goods throughout the many phases of the product life cycle. You’ve relied on separate transit and property policies, but did you know that you could easily purchase one piece of comprehensive coverage instead? […]
3 Emerging Trends in the Marine Shipping Industry
Looking into our crystal ball at the future of marine shipping, we’re seeing some dynamic and ingenious new ways of doing business. Globalization and containerization are established facts, but we’re expecting these three trends to completely reshape the industry: […]
