Ocean Marine Insurers Face New Risks, Challenges in Changing Segment

Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance industry. Since those early days, marine products have evolved as risks and exposures have increased in both size and complexity. The recent sailing of the MSC Gulsun, the world’s largest containership at 23,000+ TEU capacity, with cargo values well in ...

Read More »

Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes

Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as its owner quarrels with insurers over millions in damages. It sounds bad, but it’s business as usual in the Caribbean, where resort owners balance room rates ...

Read More »

Men and Women Respond Differently When Natural Disasters Strike, Researchers Say

Women are quicker to take cover or prepare to evacuate during an emergency, but often have trouble convincing the men in their life to do so, suggests a new University of Colorado Boulder study of how gender influences natural disaster response. The research also found that traditional gender roles tend to resurface in the aftermath of disasters, with women relegated ...

Read More »