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How will COVID-19 impact marine cargo insurers and insureds during and after the pandemic?
Some new perils are covered by insurance and others are existing ones that have been magnified in the 21st century.
Despite being hotbeds for coronavirus, neither New York nor California are among the states with the greatest spikes in unemployment.
A standard approach to insurance for high-net-worth clients can result in insufficient coverage.
The more goods are shipped by sea, the greater the risks as well as the opportunities for ocean marine insurance agents and brokers.
Many factors can affect how insurers are charged for restoring contents after a catastrophe.
Many items once considered beyond repair can be restored to near perfect condition, but this is not always cost effective.
Hurricane Florence seriously damaged or destroyed an estimated 20,000 to 40,000 vehicles.
Technology has much to offer so contractors and insurers can save time and money during the pack-out process .
Early estimates point to $5-$10 billion total insured losses, with majority borne by reinsurers, according to Morgan Stanley.
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