loss prevention

Falvey Cargo Updates

Incoterms® 2020: Defining EXW, FCA, CPT & CIP

Posted: September 23, 2020 in:

In January 2020, the International Chamber of Commerce (ICC) released the latest edition of Incoterms®. Updated every 10 years, these 11 terms of trade for the sale of goods are the foundational guidelines for business-to-business transactions. […]

Is your supply chain ready for the 2020 hurricane season?

Posted: August 12, 2020 in:

As countries worldwide 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.  […]

Significant Losses to the Cargo Market: Tennessee Tornadoes

Posted: July 15, 2020 in:

Over the past 7 years, there have been $8B+ in losses to the cargo market due to significant events like fires, natural disasters, and other miscellaneous occurrences.* This total is still pending the damages from Hurricanes Harvey, Irma and Maria,  as the losses from those storms are still being tallied. To that end, we’re starting a series of articles... […]

Falvey Cargo Underwriting Acquires Marine Cargo Book and Two Underwriters from Brit Global Specialty USA

Posted: June 29, 2020 in:

NORTH KINGSTOWN, RI, June 29, 2020 – Effective July 2, 2020, Brit Global Specialty USA (“BGSU”) will transfer the renewal rights for Brit Global Specialty USA’s Cargo business to Falvey Cargo Underwriting. Additionally, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as underwriters. […]

Remote New Hire: Desiree Neiwert

Posted: May 27, 2020 in:

The global pandemic continues to create a challenging working environment for many. Here at Falvey Cargo, we knew we’d have to make some changes to keep operating smoothly. As soon as the governor began to close schools and businesses, we started putting our disaster recovery plan in place, ensuring all our employees were adequately equipped to work from... […]

Get to know Kayla Martineau

Posted: May 13, 2020 in:

As we continue to spotlight members of our team, we’d like to introduce Kayla Martineau, our Underwriting Technical Assistant.  […]

Get to know Jason Gomez

Posted: April 29, 2020 in:

In a continuation of our team spotlight series, we are shining the light on Jason Gomez, marine insurance expert and Vice President of Falvey Cargo Underwriting.  […]

Understanding COPE

Posted: April 15, 2020 in:

When determining the level of risk in a stock throughput policy – which often involves different types of transportation, facilities and goods – a marine insurance underwriter uses an evaluation called COPE when it comes to the facilities. An analytical assessment used for more than 300 years, COPE stands for Construction, Occupancy, Protection, and... […]

The Top Cargo Insurance Terms

Posted: March 25, 2020 in:

There are many terms associated with the cargo industry, particularly cargo insurance policies, that you may not know off the top of your head. To help make it easier to understand the terminology, we’ve defined some of the most common cargo terms you’ll come across.  […]

The Impact of Coronavirus on Cargo Insurance

Posted: March 18, 2020 in:

The spread of Coronavirus, also known as COVID-19, is having a major impact on the global economy. Aside from its devastating effects on human health, the virus is disrupting world trade, reducing activity by land, rail, air, and sea. […]

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