loss prevention

Falvey Cargo Updates

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... […]

Get To Know Mark Coppa

Posted: October 28, 2020 in:

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

Posted: October 14, 2020 in:

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

Posted: October 7, 2020 in:

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

Posted: October 2, 2020 in:

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

Posted: October 1, 2020 in:

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.  […]

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