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Cargo insurance

22 posts

Cargo shipments are generally safe and secure, but as with unforeseen events, things can sometimes go wrong during the transport of goods. If you outsource the transportation of your products to a professional carrier or freight forwarder, you could be forgiven for believing that the carrier or forwarder is fully liable for any damage or loss.

Insurance that generally protects shipments from loss, damage, or theft while in transit. This coverage is beyond basic claims insurance that may be provided, and it will reimburse for the designated value of the goods if a covered event occurs while the freight is in transit.

What’s the prime motivation for companies that do purchase marine cargo insurance?

They want to protect their balance sheets from a major loss. When…
  • 20.09.2022

Is marine cargo insurance applicable only for cargo that is lost or damaged?

Actually, there is a maritime law called “General Average” that makes you…
  • 20.09.2022

What are some of the top misperceptions about marine cargo insurance?

Many companies mistakenly believe the shipping line will reimburse them for the…
  • 20.09.2022

What are the examples of cargo risk?

Damages done to containers or while loading, various ship malfunctions, fires, rollovers,…
  • 20.09.2022

What is the importance of cargo insurance?

Cargo Insurance provides coverage against all risks of physical loss or damage…
  • 20.09.2022
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2022 Was Rough for Many US Auto, Property and Casualty Insurers

2022 Was Rough for Many US Auto, Property and Casualty Insurers

The US P&C industry recorded a net underwriting loss of $26.5 billion in 2022, worsening by $21.5 billion from the previous year
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Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance
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Insurers received a boost from hardening property-casualty rates, but the growth outlook for the insurance sector in the 2023 year appears to be a mixed bag
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Belgian & Dutch Insurers’ Investments Should be Resilient to Credit Risks

Belgian and Dutch insurers’ conservative investment portfolios should be resilient to rising credit risks amid weakening economic conditions and tightening monetary policy

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