Insurance claims

How freight brokers can protect themselves against LTL claims

If you’re only shipping a handful of pallets, it makes sense that you should only pay for that amount of space, right?

Less-than-truckload shipping makes it possible for businesses to cost effectively send smaller shipments. In recent years, it has become an important part of many retailers’ shipping strategies. 

As such, more freight brokers and 3PLs are handling LTL shipments domestically, cross-border and internationally and require extra insurance coverage in case of the unexpected.

While...

https://www.freightwaves.com/news/how-freight-brokers-can-protect-themselves-against-ltl-claims

Viewpoint: Recovering losses due to the Suez Canal blockage

Tug boats try to move a big green container ship stuck in the mud.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

By Shruti D. Engstrom, John N. Ellison and Luke E. Debevec

The blockage of the Suez Canal by the Ever Given has given rise to trade and supply chain disruptions for businesses that depend on shipments through the canal. 

Policyholders should look to their insurance to determine if they have coverage for these types of losses. Businesses should also carefully review...

https://s29755.pcdn.co/news/viewpoint-recovering-losses-due-to-the-suez-canal-blockage

Number of Ship Total Losses Lowest in a Century

  • During the annual Safety and Shipping Review, it was mentioned that 2,698 shipping incidents tallied by Allianz were just 1% lower than in 2017.
  • Allianz said 46 large ships over 100 gross tons were total losses worldwide in 2018, less than half the 98 lost in 2017 and 55% below the 10-year average of 104.
  • Machinery damage and failure accounted for 40% of the 2,698 incidents last year and a third of the more than 26,000 incidents aboard ships over the past decade.
  • Fires continue to generate...

http://mfame.guru/number-of-ship-total-losses-lowest-in-a-century/

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