
Sunken Auto Carrier Claim Losses Could Reach $155M
A burnt-out cargo ship carrying thousands of luxury cars, including Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago nearly two weeks after it caught fire, a port official said.
March 3, 2022
Marine

Burning Cargo Ship Full of Porsches Adrift in Atlantic Ocean
A cargo ship carrying vehicles from Germany to the U.S caught fire in the Atlantic Ocean on Wednesday and remains adrift near the Azores Islands. The Portuguese navy rescued all the 22 crew members from the ship, named the Felicity Ace, which was scheduled to arrive in the Port of Davisville, Rhode Island, on Feb. 23.
February 18, 2022
Marine

Vehicle Battery Caused Weeklong Freighter Fire At Port Of Jacksonville
An electrical fault from an improperly disconnected battery in a used vehicle led to the fire aboard a cargo ship docked in Florida that resulted in $40 million worth of damage, officials said Thursday.
December 17, 2021
Marine
Salvage
Florida

Port Logjams Exacerbate Supply Chain Risks
The chocked-up marine supply chain, as illustrated by news photos of ships sitting at ports for long periods waiting to be unloaded, is becoming an issue of increasing concern to the insurance industry.
November 1, 2021
Marine

Salvage Operation Of Cargo Ship Golden Ray Largest In U.S. History
An official providing an update on the Golden Ray wreck removal off the coast of Georgia said it is the largest in United States history and required more than 3 million collective man-hours.
October 27, 2021
Marine
Salvage
Georgia

Luxury Yacht Docked At Massachusetts Marina Consumed By Fire
An 82-foot boat was destroyed Monday night after a fire broke out on the vessel while it was docked in New Bedford, Massachusetts.
September 9, 2021
Marine
Massachusetts

More Than 700 Barges Stuck in Mississippi River From Bridge Crack
A crack in a bridge over the Mississippi River has stranded more than 700 barges, cutting off the biggest route for U.S. agricultural exports when the critical waterway is at its busiest.
May 14, 2021
Marine
Tennessee

Questions About Insurance Key In Legal Aftermath Of Suez Blockage
The world watched as the MV Ever Given remained stuck in the Suez Canal between March 23 and 29. The ultra-large 20,000-TEU vessel was in the middle of its voyage from the Port of Tanjung Pelepas in Malaysia to the Port of Rotterdam, Netherlands, when, according to the vessel operators, strong winds made it run aground.
April 21, 2021
Marine

Six Rescued, Several Missing After Boat Capsizes In Gulf of Mexico Storm
Six people were rescued near the coast of Louisiana after a commercial boat capsized about eight miles off Port Fourchon on the Gulf of Mexico, the U.S. Coast Guard said late Tuesday.
April 14, 2021
Marine
Workers' Compensation
Louisiana

Suez Blockage May Lead To Large Reinsurance Claims, Broker Willis Re Says
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.
April 2, 2021
Marine

Reinsurance Costs From Suez Obstruction To Exceed $100M: McGill & Partners
Analysts at specialist broker McGill and Partners believe that the re/insurance industry could be looking at costs in excess of $100 million due to the ongoing obstruction in the Suez Canal.
March 26, 2021
Marine
Salvage
Subrogation

Suez Canal Blockage Delaying An Estimated $400M An Hour In Goods
The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List.
March 26, 2021
Litigation
Marine
Salvage

Salvage Of Georgia Shipwreck Delayed Again
An engineering problem has forced another delay before salvage crews can start removing an overturned cargo ship thats been partially submerged on the Georgia coast for more than a year, officials said Wednesday.
October 9, 2020
Marine
Salvage
Georgia

Hurricane Hanna Aftermath: Storm Surge, Flooding Causes Widespread Damage Along South Texas Coast
As expected, Hurricane Hanna made landfall at around 5 p.m. Saturday just south of Baffin Bay as a Category 1 storm. What was not expected was the size of its storm surge and the devastation it would leave behind.
July 27, 2020
Marine
Property
Utah

8 Firefighters Injured By Explosion While Battling Cargo Ship Fire
While battling a large fire aboard a cargo ship at Blount Island, the Jacksonville Fire and Rescue Department said an explosion occurred, injuring firefighters. According to Fire Chief Keith Powers, eight firefighters were injured in the explosion, and an additional firefighter was treated for heat exhaustion.
June 5, 2020
Excess & Surplus Lines
Marine
Florida



