loss prevention

Falvey Cargo Updates

Is your supply chain ready for the 2021 hurricane season?

Posted: May 12, 2021 in:

As countries worldwide continue to struggle with the economic downturn caused by the coronavirus pandemic, the transportation industry is on high alert for potential natural disasters that could add even more stress on supply chains.  […]

Covid impacts on the supply chain

Update: Continuing COVID Impacts on the Supply Chain

Posted: April 29, 2021 in:

With infection rates on the decline and vaccinations being mass produced at superspeed worldwide, many in the cargo industry are hopeful that COVID-19’s hold on our economy is easing up. It’s certainly a brighter picture than a year ago when transportation and trade faced major slowdowns and an unknown future. […]

Risks of Megaships

The Risks of Mega-Ships: 5 Examples

Posted: April 21, 2021 in:

More mega-ships, or Ultra-large Container Vessels, are in operation than ever before. However, this increase in marine traffic comes with its fair share of challenges, as recently addressed in Mega-Ships: The Answer or the Problem? In recent months, partially due to recent trade imbalance between China and the U.S., as well as the ongoing COVID-19... […]

Significant Losses To the Cargo Market: Hanjin

Posted: March 25, 2021 in:

In August 2016, Hanjin Shipping filed for bankruptcy protection after months of trying to avoid this fate. This filing immediately triggered massive disruptions. Worried about receiving payments, ports refused to allow Hanjin’s vessels, sailors, and cargo (about 540,000 containers) to dock or unload, leaving them stuck at sea. Some ships were arrested... […]

port congestion at long beach and la

Port Congestion at Los Angeles and Long Beach Impacts Cargo Market

Posted: March 10, 2021 in:

The uncertainty experienced in the cargo market due to last year’s U.S.-China trade negotiations has been pushed aside by the global pandemic. Quarantine and stay-at-home orders have contributed to a large surge in online shopping—this, combined with social-distancing requirements for workers, has caused major bottlenecks at ports and throughout the... […]

The Ongoing Risk of Piracy In the Shipping Industry

Posted: March 3, 2021 in:

Global pandemics, economic turbulence, and political shifts are typically the first things that come to mind when listing the biggest threats facing the shipping industry. But there is another prevalent and ongoing risk that many forget to consider: piracy. The reality of pirates is a lot darker than our cultural representations of Jack Sparrow or... […]

Danielle Jackson Joins Falvey Cargo Underwriting as Assistant Vice President in Canada

Posted: March 2, 2021 in:

NORTH KINGSTOWN, RI, March 2, 2021 – Falvey Cargo Underwriting welcomes Danielle Jackson to its specialized team of underwriters, effective March 1, 2021. Danielle most recently worked with Intact Insurance Company in Toronto as a Senior Commercial Underwriter. […]

Losses to the cargo market natural disasters

Significant Losses To the Cargo Market: Natural Disasters

Posted: February 10, 2021 in:

Over the past few months, we’ve recapped some of the biggest losses in the cargo market, such as recent storage facility fires, and given our perspective on what these events mean for the industry going forward. In a continuation of that series, we’d like to reflect on some of the biggest cargo losses caused by natural disasters, some stretching back a... […]

How Will Brexit Impact the U.S. Insurance Market?

Posted: December 16, 2020 in:

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

Posted: November 12, 2020 in:

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... […]

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