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Insurance industry news from General Indemnity Group, Moen, Consilium and more is featured in this weekly update.
The marine-insurance industry is expected to keep growing, thanks in part to improved safety practices.
Overall shipping casualties or incidents declined around 3% in 2023, Allianz reports.
CargoNet estimates the total value of goods stolen during Q1 2024 could be as high as $154.6M.
The complaint also alleges that the insurers prefer to declare a vehicle a 'total loss,' regardless of whether it is economical to repair.
This claim payout is speedy but will cover only a sliver of the event's cleanup and rebuilding costs.
This period marks a turning point for commercial property coverage, with easing and increasingly flexible options available to buyers.
Global air passenger volume will surpass pre-pandemic levels in 2024, Airports Council International (ACI) predicts.
The owner of the cargo ship involved in Baltimore's bridge disaster declared 'general average.'
Insurance experts analyze who was involved from a coverage and liability perspective.