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Ukraine guarantees insurance payouts for vessels damaged at its Danube ports

by AIP Online Bureau | Apr 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance

Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Fires on vessels still one of the biggest safety issues for shipping industry: Allianz

Fires on vessels still one of the biggest safety issues for shipping industry: Allianz

by AIP Online Bureau | Feb 21, 2022 | International News, Non-Life, Reinsurance, Risk Management

There was a record 40 cargo-related fire incidents alone in 2019 or one every 10 days. Across all vessel types, the number of fires/explosions resulting in total losses hit a four-year high of 10 at the end of 2020– accounting for around one in five total losses...
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