Instant Insights / Specialty & Surplus Lines

The surplus lines market plays a critical role in the insurance ecosystem by providing coverage for hard-to-place and specialized risks. For WSIA’s 2020 Annual Virtual Marketplace from September 10-17, read up on the unique lines and market trends impacting the specialty and E&S industry.

Infographic

Today's marine shipping risks demand agent, broker expertise

The more goods are shipped by sea, the greater the risks as well as the opportunities for ocean marine insurance agents and brokers.

By Elaine Stattler | October 16, 2019 at 09:00 AM

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Illustration by Shaw Nelsen is from the October 2019 issue of National Underwriter Property & Casualty magazine.

If you look around your office or home, you’ll see items that were transported by sea.

Michelle O’Donovan, North America product line director, cargo, International Marine Underwriters notes that most raw materials and manufactured goods are, at one time or another, shipped via vessel — imports into and exports from the U.S., including goods moving inland via barges.

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