All parties involved in a BI loss claim, adjusters especially, must have a basic understanding of financial accounting concepts to ensure the policyholder is properly indemnified for his or her loss.
Marine insurers are used to managing change brought on by new technology, economic turbulence or political volatility. But the number, breadth and complexity of the challenges confronting the industry today can appear daunting to even the most experienced underwriter.
The annual meeting of the American Institute of Marine Underwriters will be on Nov. 19 in New York City. The U.S. ocean marine insurance market will be discussed.
Ship owners will experience another round of premium increases as underwriters have been seeking increases ranging from 10-29 percent for the 2009-2010 protection and indemnity insurance renewals,
Some complain that the insurance industry in general has not invested much time or money into training new talent for around 10 years, and the problems that are arising because of this are being felt
Rough Sailing Ahead For Marine Insurers? Underwriters challenged to maintain acceptable returns in the softening marketSince the market's origins over 300 years ago, marine insurance ...