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 associated... […]
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. […]
Incoterms® 2020: Defining EXW, FCA, CPT & CIP
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?
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
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 that... […]
Falvey Cargo Underwriting Acquires Marine Cargo Book and Two Underwriters from Brit Global Specialty USA
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
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
As we continue to spotlight members of our team, we’d like to introduce Kayla Martineau, our Underwriting Technical Assistant. […]
