A group of 14 Lloyd’s insurers paid $20 million to the owner of Barbie, a 170-foot superyacht that was destroyed by fire in Turkey in January.
The types of insurance a company needs depend on the kind of business it does and the regulations that apply to it. Trade Only follows developments in government and insurance that affect the marine industry.
Hartge Insurance Associates Ltd. is celebrating its 25th anniversary insuring boats.
The Connecticut-based Gowrie Group is launching its 12th annual matching challenge with a $25,000 donation to the Shoreline Soup Kitchens and Pantries.
The Michigan Boating Industries Association said members participating in an insurance program with The Hanover were awarded more than $200,000 in annual safety dividends in just three years.
The owner of a custom-built center console that was stolen from a Lower Township, N.J., marina is offering a $10,000 reward for the tip that brings it home.
The Norman-Spencer Agency announced the immediate launch of its marine insurance services division’s TradeWinds Yacht Insurance Program.
Boat insurance claims are rising in the Chesapeake Bay area as frigid weather and ice have sunk some boats.
The Connecticut-based Gowrie Group launched its 11th annual challenge in an effort to raise $125,000 to benefit Shoreline Soup Kitchens and Pantries, which provides meals for Connecticut residents along the shore.
The environmental investor advocacy group Ceres is releasing a report today that says the insured portion of annual losses from natural catastrophes has declined in the last 30 years, even as those losses have increased.
Progressive Insurance is adding a new lineup of boat insurance coverage options in Florida.