hull insurance

IUMI: Marine insurance premiums hit $35.8 billion in 2022

Marine insurance premiums across all categories rose to $35.8 billion in 2022 — and the general trend is upwards. Those were two of the facts that emerged today when the International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its annual conference in Edinburgh, Scotland.

All lines of business reported an uplift in their global premium base for 2022 with the total reaching $35.8 billion, representing an 8.3% increase on the previous...

https://www.marinelog.com/legal/safety-and-security/iumi-marine-insurance-premiums-hit-35-8-billion-in-2022/

Keeping Check Of Hull Values And P&I Cover Important For Shipowners

Credits: Vlad Deep/ Unsplash
  • Under each rule, the board of the club may, for the purposes of assessing any amount recoverable, determine the ‘proper value’.
  • The Board expects members to review the insured values of their ships under their hull policies in the light of market conditions on a regular basis.
  • So far as the collision rule is concerned, cover under the hull policy is always limited to the insured value of the ship. 

All shipowners make sure that hull insurance is in place to cover...

https://mfame.guru/keeping-check-of-hull-values-and-pi-cover-important-for-shipowners/