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... […]
TRIPRA VS. Worldwide Terrorism (WWT) Coverage
On April 15th, 2013, two bombs were set off during the Boston Marathon killing 3 people, and injuring over 250 others. Although the tragedy of lives lost can’t be understated, there were also lasting effects that impacted surrounding businesses – with over $2.5 million in property damages claimed. Although the Property & Casualty (P&C) damages were great,... […]
Busiest Shipping Ports In The World
Curious to know which ports are the busiest in the world? There are several ways to define “busiest.” For the purpose of this article, we’ll look to the amount of container traffic that passes through ports to determine how busy a port is. Although these numbers change annually, most of these locations remain on the list of busiest ports year after year. […]
What Is A General Average?
When a maritime accident occurs, it’s up to those on board to handle the situation quickly and efficiently with the primary purpose of doing anything necessary to save the vessel and cargo. This can mean throwing or “sacrificing” cargo overboard, or in the event of fire, the flooding of a cargo hold through firefighting efforts, which ultimately saves the... […]
What Is A Stock Throughput?
In the past, you’ve purchased multiple insurance policies to protect your goods throughout the many phases of the product life cycle. You’ve relied on separate transit and property policies, but did you know that you could easily purchase one piece of comprehensive coverage instead? […]
3 Emerging Trends in the Marine Shipping Industry
Looking into our crystal ball at the future of marine shipping, we’re seeing some dynamic and ingenious new ways of doing business. Globalization and containerization are established facts, but we’re expecting these three trends to completely reshape the industry: […]
4 Important Questions Brokers Must Ask to Protect Their Clients’ Interests
As companies expand their manufacturing and distribution operations to a global marketplace, delivering goods to customers safely and promptly can be complex and challenging. With brokers hustling to meet their clients’ insurance demands, they can easily overlook potential risks and liability. Here are four questions brokers must ask to protect their... […]
KEY CARGO CONSIDERATIONS
As companies expand their manufacturing and distribution operations to a global marketplace, a stand-alone cargo policy which provides worldwide coverage for physical loss or damage to goods in transit is a comprehensive and cost-effective way to insure these exposures. Under a Falvey Cargo Underwriting policy, coverage is included for shipments by truck,... […]
FALVEY CARGO UNDERWRITING SUPPORTS SEAFARERS IN ANNUAL HOLIDAY VOLUNTEER DAY IN CANADA
Isabelle Therrien, Vice President of Falvey Cargo Underwriting, Canada is the President of the Canadian Board of Marine Underwriters (CBMU) and led their fall conference in November. During the event, funds were raised for the CBMU Volunteer Day in support of The Mission to Seafarers of Southern Ontario. The CBMU describes the event: […]
IN THE NEWS: PEOPLE AT IUMI – ISABELLE THERRIEN
An interview with Isabelle Therrien, Vice President of Falvey Cargo Underwriting, was recently featured in the International Union of Marine Insurance (IUMI) Quarterly Newsletter. In this Q&A, Isabelle discusses her path to her current position at Falvey Cargo Underwriting and her leadership roles in the greater marine cargo insurance industry. […]
