Marine Insurance Market Update in The Risk Report
Marine insurance has taken a more public role in light of supply chain
issues, piracy, shipping disasters, COVID-19 quarantines, and disruptions in
ocean shipments. While maritime safety has generally improved, marine risks
remain, including cargo accumulations at ports, the proliferation of mega cargo
ships, and an increasing number of fires on container ships. In this issue of
The Risk Report,, Marine Insurance
Market Update, Joseph Harrington reviews current conditions in the ocean
marine market that directly impact shippers and underwriters and indirectly
impact just about everyone else.