Concirrus releases new commercial insurance market platform

UK-based insurtech Concirrus has released a “next-generation” platform which it said would pave the way for expansion into North American market. The company said that the new modular technology offering would enable insurers “to accelerate their transition to new digital operating models, create...

https://insurancemarinenews.com/insurance-marine-news/concirrus-releases-new-commercial-insurance-market-platform/

Tropical storm Nicholas brings heavy rain to Texas and Louisiana

Tropical storm Nicholas was downgraded from a hurricane after making landfall on the Texas coast in the US, bringing heavy rain and a danger of flash-flooding. The storm was upgraded to a hurricane after reaching land at 00:30 local time on Tuesday morning September 14th, but quickly weakened. More...

https://insurancemarinenews.com/insurance-marine-news/tropical-storm-nicholas-brings-heavy-rain-to-texas-and-louisiana/

Typhoon Chanthu likely to stall for days off Shanghai coast

Typhoon Chanthu has come to a virtual halt just off the coast of Shanghai, with forecasters saying that it would remain in the region throughout Wednesday September 15th, resulting in heavy rain and high winds along the central Chinese coast. There had been fears that the storm would inflict a...

https://insurancemarinenews.com/insurance-marine-news/typhoon-chanthu-likely-to-stall-for-days-off-shanghai-coast/

Bisbas defends traditional underwriting methods at Maritime London

Keynote speaker Andreas Bisbas, Director Tsakos Shipping (London) Ltd, made a vigorous defence of traditional underwriting methods yesterday September 14th at the Shipping Risk Forum, hosted by Maritime London as part of London International Shipping Week. Bisbas said that if London went down the...

https://insurancemarinenews.com/insurance-marine-news/bisbas-defends-traditional-underwriting-methods-at-maritime-london/

Loss prevention the source of technical result improvement – Dubois

IUMI Blog – Day 9 As the International Union of Marine Insurance headed towards a close today, Pascal Dubois, (Managing Director, General Management, CESAM, FR-Paris), said in his chairperson’s report for the Loss Prevention Committee that his credo was “loss prevention as a source of technical...

https://insurancemarinenews.com/insurance-marine-news/loss-prevention-the-source-of-technical-result-improvement-dubois/

ClassNK releases guidelines for use of alternative fuels

ClassNK has released “Guidelines for Ships Using Alternative Fuels” as part of its support of measures for GHG emissions reduction. They are updates with safety requirements for ships using ammonia as fuel on the previously issued “Guidelines for Ships Using Low-Flashpoint Fuels” covering LPG/Methanol/Ethanol. The new publication provides comprehensive information on requirements for alternative fuel…

The post ClassNK releases guidelines for use of alternative fuels appeared first on Insurance...

https://insurancemarinenews.com/insurance-marine-news/classnk-releases-guidelines-for-use-of-alternative-fuels/

Shrinking piracy threat of East Africa sees warning levels reduced

A decline in Somali piracy has led industry associations BIMCO, ICS, INTERCARGO and INTERTANKO  to reduce the geographic boundaries of the “High Risk Area” for piracy INTERCARGO and INTERTANKO will reduce High Risk Area boundaries to the Yemeni and Somali Territorial Seas and Exclusive Economic...

https://insurancemarinenews.com/insurance-marine-news/shrinking-piracy-threat-of-east-africa-sees-warning-levels-reduced/

UK Law Commission announcement re digital trade documents could be tipping point: Reed Smith

The recent announcement by the UK Law Commission with regard to the acceptability of digital trade documents could turn out to be a tipping point for the growing acceptance of electronic bills of lading and other shipping trade documents, according to Nick Austin, partner at legal firm Reed Smith,...

https://insurancemarinenews.com/insurance-marine-news/uk-law-commission-announcement-re-digital-trade-documents-could-be-tipping-point-reed-smith/

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