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Fewer than 40 vessels were total losses in 2022, a 36% drop from the year prior, AGCS reports.

Boating enthusiasts should understand the types of insurance needed to protect against theft, damage, accidents and other disasters.

The deputies will be charged with overseeing the implementation of recently enacted insurance legislation.

The liability limits sold to the class representative were approximately 4.5% higher than they would have been had defendants based those limits on reconstruction cost without debris removal, the suit alleged.

Insurance technology news from Openly, Carpe Data, Sunlight Solution and more.

Russian oil has been trading above $60 a barrel in Asia for much of this year, raising the prospect of violations for insurers in G-7 nations.

Direct premiums written in 2022 were up nearly $80 billion from the previous year, according to the NAIC.

The Supreme Court will determine whether a choice of law clause to a maritime insurance policy is unenforceable if its enforcement is contrary to the "strong public policy" of the forum state.