Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s inland marine managing general agency (MGA), the …
Canopius Group, a global specialty re/insurer, announced a new partnership with managing general agent Falvey Insurance Group (FIG) to offer inland marine coverage in the United States. This marks the first time that Canopius U.S. and Falvey will be writing …
Crews were working Wednesday to remove three remaining barges that got loose on the Ohio River, including one carrying methanol. A total of 10 barges got loose early Tuesday on the river near Louisville, the Kentucky Energy and Environment Cabinet …
CHITTAGONG, Bangladesh (AP) – Authorities in Bangladesh were still struggling Monday to determine the cause of a devastating fire that killed at least 49 people, including nine firefighters, and injured more than 100 others, officials and local media reported, as …
DHAKA, Bangladesh (AP) – A massive fire at a container depot near a port city in southeastern Bangladesh killed at least 28 people and injured more than 100 others, officials and local media said Sunday, as firefighters struggled to get …
The U.S. inland marine insurance segment experienced a “significant downturn in profitability” in 2020, with its loss ratio deteriorating by nearly 16 percentage points amid the COVID-19 pandemic, according to an AM Best report. The Best’s Market Segment Report, “Significant …
The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to $24.5 billion in 2018 from $13.3 billion in 2009, …
Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible rates. Carriers and brokers are building Internet-based underwriting …
To help U.S. businesses manage the risks of storing, handling and transporting goods from here to there, XL Catlin has introduced a new logistics services insurance policy. XL Catlin’s Logistics Services Coverage Solutions provides a logistics company with tailored inland …
