Recent Posts
What Is Duration of Cover?
All-risk cargo insurance provides protection for the Insured’s goods during the normal course of transportation, from the place of dispatch to the place of receipt as stated in the freight bills, subject to the marine cargo policy provisions. […]
The Rise of Autonomous Ships, Trucks, and Planes
Automation is here, and likely here to stay. Of paramount importance for insureds and brokers is understanding how automation technologies will change—in potentially rapid and disruptive ways—how freight is transported by ship, truck, and plane. Here’s a quick summary of the recent developments in sea, land, and air: […]
Maersk Honam & Its Aftermath
On March 6, 2018, the container ship Maersk Honam caught fire in the Arabian Sea, enroute to Suez from Singapore. For months, cargo owners awaited news about the fate of their goods as the ship remained at sea amidst efforts to extinguish and contain the fire. Maersk Honam finally berthed at the port of Jebel Ali, UAE, on May 22. […]
7 Risk Management Techniques To Limit Cargo Theft
Shippers and carriers must stay ahead of theft trends to protect their cargo. While SensiGuard Supply Chain Intelligence Center’s Cargo Theft Annual Report shows that the number of recorded cargo thefts dropped by 15% from 2016 to 2017, the United States is still a “high” threat level for cargo theft. Securing the supply chain is no easy feat, but there are... […]
THE TRANSPORTATION RISKS IN LAST-MILE LOGISTICS
The last mile is a critical part of any transportation strategy and the competition is fierce among companies providing this service. The only way to compete without opening your business up to liability is to fully understand the risks at play in last-mile logistics. […]
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 all... […]
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 trends... […]
