Instant Insights / The coronavirus and its impact

The coronavirus has upended lives and businesses around the globe. From business interruption and supply chain disruption to event and travel cancellations, we are only just seeing the beginning stages of COVID-19's impact. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus spreads.

Analysis

Insurance considerations for cargo owners during COVID-19

How will COVID-19 impact marine cargo insurers and insureds during and after the pandemic?

By Jose Guerrero | April 28, 2020 at 05:00 AM

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A container vessel during discharging at an industrial port. (Photo: Mr. Amarin Jitnathum/Shutterstock)

Reports of hundreds of thousands of containers stranded around the world have flooded news desks globally. Because of COVID-19, ports have limited ability to clear these landed containers, and a slew of blank sailings leave these containers stuck on piers.

So, what does this mean for marine cargo insurers and the buyers/sellers during and after the COVID-19 pandemic?

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