18 December 2014
The U.S. Senate adjourned last night prior to authorizing the extension of the Federal Terrorism Insurance backstop (often known as TRIA/TRIPRA). For those who may be unfamiliar with this legislation, it is the federal legislation that was passed in response to the 9/11 events and provides coverage in the event of another major terrorist event.Read more...
15 December 2014
Welcome to the December 2014 edition of the Arthur J. Gallagher Marine Hull and War Risks Market Report. In this issue we have included a review of the current state of the marine Kidnap and Ransom market alongside the latest news and reports from the high risk areas. There is also a summary of our facilities for Crew Personal Accident and Medical Expenses for which we are seeing an increased demand. As always the periodic reports of recent marine casualties are contained herein.Read more...
7 December 2014
A Quarterly Newsletter From Arthur J. Gallagher Risk Management Practice.Read more...
5 December 2014
Special Contingency: Clarification of UK legislation banning insurance companies from covering ransoms
Following the recent announcement by the Home Secretary, Theresa May, we have approached a number of Underwriters who specialise in Special Contingency Insurance to obtain their view as to how her stance on ‘Banning insurance companies from covering ransoms’ will affect Policyholders.Read more...
4 December 2014
The current outbreak of Ebola in West Africa, with the first case notified in March 2014, is the largest and most complex. The fear of the spread of Ebola has prompted US and UK Insurance Companies to start building in Ebola exclusions into standard policies and provide quotes that either exclude or include Ebola, the latter being significantly more expensive.Read more...