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Register Now For The Next CMIP Seminar!!
Thursday, June 05, 2008 |
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LIG Marine Managers sister educational company, LIG Educational &
Consulting Services, in conjunction with the International
Institute for Marine Insurance Studies is introducing the Certified Marine Insurance Professional Designation (CMIP), the new practical
training and designation in Marine & Longshore Insurance.
The designation is designed for agents, brokers, CSRs, Insurance
Company Personnel, Underwriters or other insurance industry professional who wishes to expand their knowledge of Commercial Marine Insurance. The designation requires attendance at Four 2½ Day Seminars being held in 2008 and 2009.
The next CMIP Seminar Commercial Marine Insurance is being held in Houston, Texas September 3rd - 5th, 2008. This seminar analyzes the various Third Party Liabilities, CCC Liabilities, Ship Repairs Legal Liability, Terminal Operators/Stevedores Legal Liability, Wharfingers Legal Liability, Common Endorsements, Advanced Hull & Cargo Insurance, Pollution Exposures and provides practical how-to guides on properly insuring them.
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Global Pirate Attacks Increase
Thursday, June 05, 2008 |
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The AP reported that pirate attacks rose worldwide in the first quarter of the year, with Nigeria overtaking Indonesia as the country worst plagued by sea bandits, a global maritime watchdog said.
Seafarers suffered 49 attacks between January and March around the world, up 20 percent from the 41 recorded in the same period last year, the International Maritime Bureau said in a report by its piracy reporting center in Malaysia.
Nigeria ranked as the No. 1 hotspot amid a lack of effective law enforcement, with its 10 reported attacks. Myriad armed groups roam the Niger Delta, where violence has slashed oil production and helped propel oil prices to new highs. Nigeria produces about 2.1 million barrels of oil a day, the largest output in Africa.
Security also improved in the Straits of Malacca, a bustling shipping route shared by Indonesia, Malaysia and Singapore. No attacks were reported this year, compared to two by this time in 2007. The waterway has long been notorious for attacks, but the three countries have bolstered patrols in recent years
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Agency Appointment Application Online!
Thursday, August 09, 2007 |
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We now have our Agency Appointment Application available OnLine! |
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Seamans Work Extends Beyond Coverage
Wednesday, June 27, 2007 |
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The Ninth Circuit Court of Appeals ruled the the marine coverge endorsement on the business insurance purchased by a ship operator did not provide coverage for the on-shore work being performed by a seaman when he was injured. |
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New Commercial Diving Program
Wednesday, June 27, 2007 |
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LIG announces our new Diving Program which provides coverage for all your divers needs. The package program provides WC, Longshore, MEL, CGL, SRLL, Hull/Machinery/Equipment, P&I and Umbrella coverages as needed. |
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CONTAINER SHIP CAPSIZES
Tuesday, June 05, 2007 |
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A large container ship capsized during loading in Belgian port city Antwerp, official said. No injuries were reported. The cause of the capsizing of the Republica di Genova, a roll on/roll off vessel of the London-based Grimaldi Lines, was not immediately clear, authorities said. Grimaldi Group vessels carry containers and Fiat cars from Italy to Antwerp. Port of Antwerp Captain Jan Persi said the 215-meter-long (705-foot-long) vessel slowly rolled onto its starboard side in a dead end dock early in the morning. He said the ship began taking on water and that the captain ordered its crew to evacuate.
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TAMPA BAY BARGE ORDER
Tuesday, June 05, 2007 |
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Overseas Shipholding Group Inc., the company that bought Maritrans Inc., said it will build three articulated tug barges, each with a construction value of about $90 million. The barges will be constructed at Tampa Bay Shipbuilding & Repair Co., while the tug boats will be constructed at Bender Shipbuilding & Repair Co. in Mobile, AL, according to a release from Overseas Shipholding. The barges will have a carrying capacity of about 290,000 barrels. The units are scheduled to be delivered from late 2009 through late 2010.
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GLOBAL PROPERTY STOPPED
Wednesday, October 12, 2005 |
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Florida Insurance Regulation Commissioner Kevin McCarty issued an Immediate Final Order to Global Property & Casualty, Inc. and A. Weintraub to immediately cease operations in Florida. The respondents violated Florida Statutes as unlicensed insurance activities constitute an imminent and immediate threat to the health, safety and welfare of the residents of Florida.
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Department of Insurance Takes Action
Friday, June 24, 2005 |
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The Department of Insurance has ordered an insurance company and the association that sponsors it to cease all participation in the alleged writing of unauthorized insurance coverage in Louisiana.
North American Marine General Insurance Company of Panama City, Panama and the membership organization, International Water Safety Foundation of Blainville, Quebec, have been ordered to cease and desist from engaging in selling unauthorized insurance products in the state of Louisiana.
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Lloyd′s List
Friday, April 29, 2005 |
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This article was written and published in the Lloyd′s List on April 18, 2005 by James Brewer as a follow up to a special seminar Ian Greenway conducted in London titled "Navigating Longshore Insurance". Click on title to read the full article.
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FSA Approves LIG London Office
Friday, February 04, 2005 |
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The Financial Services Authority (FSA), who regulate the British insurance industry under the Financial Services and Markets Act of 2000, issued approval effective January 14th 2005 for LIG Marine Managers to open a branch office in London. The office will be located in the heart of the London Insurance community on Fenchurch Avenue and will have the explicit purpose of eliminating the gap between the US and UK marketplace. Ian Greenway, President, says "This new branch office for us will provide a unique enhancement to our placements in London, ensuring that our producers and clients obtain the best program possible regardless of where they may be underwritten, and the best claims service in the minimum time".
LIG Marine Managers London Office is due to open at the end of February 2005. Click on the title for details and to read the full Press Release. |
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Yacht Claim Conviction Upheld
Tuesday, September 07, 2004 |
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The Federal Court rejected the appeal of Rex DeGeorge August 30th and upheld his conviction for mail and wire fraud. DeGeorge was convicted in 2002 for attempting to sink his 76 foot yacht, insured by CIGNA. CIGNA denied the claim and voided the yacht policy claiming the value had been inflated. DeGeorge has previously received insurance payments after claiming one boat sunk and another was stolen. |
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American Club to Make Calls
Thursday, July 22, 2004 |
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The New York based American P&I Club announced last week that it is making calls of 35% for the year 2000, 35% for 2001 and 30% for 2002. The P&I clubs run as mutuals, and the losses in excess of each year’s premiums are levied by the additional calls onto their members (insureds) for each year. In the announcement the club stated that these calls were due to a rise in occupational disease claims, claims paid through the international P&I club pool, and the weakness of the U.S. dollar. The American Club was founded in 1917 and is the only P&I club domiciled in the Americas, however about two thirds of its business is written for non-U.S. vessels, and about three quarters for cargo vessels and tankers. |
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OnLine Marine Articles
Monday, June 23, 2003 |
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A full set of articles on various marine topics are now available on line: Topics include: Longshore, Maritime Employers Liability, Marine Contractors, Dredging Companies. All articles are free and instantly available. Select the title to this item to download the index. |
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Would You Like To Be A Marine Underwriter?
Tuesday, November 19, 2002 |
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This very important article tracks the recent spate of Marine losses. This extremely significant run of losses over the last six months is changing the face of Marine insurance. Click on the title to read this article. |
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Marine Terminology
Monday, July 29, 2002 |
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Not familiar with marine terms? Here is a quick, ready reference to the most common terms with brief explanations. Click the term and its explanation will appear. |
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Applications Selector Engine
Monday, November 12, 2001 |
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Not sure which application you need for your marine account? Check APP SELECTOR in the application section of our Web site, and in less than 90 seconds, we will help you decide which applications you will need to complete to obtain the right quotations for your client and e-mail them right to your desk. |
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