News & Analysis as of

Vessels Insurance Industry

Clark Hill PLC

Maritime and Reinsurance Law and the Baltimore Bridge Collapse

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In the early morning of March 26, the Singapore-registered container ship MV Dali, after losing power, collided with a main pier of the Francis Scott Key Bridge that spans the Patapsco River and the outer Baltimore Port in...more

Pillsbury - Policyholder Pulse blog

Red Sea Dangers: Increasing Insurance Premiums and Introducing Coverage Exclusions for Vessels Transiting the Red Sea

Yemeni-based Houthi forces have attacked more than two dozen vessels transiting the Red Sea since the October 7, 2023, start of the current Israel-Hamas conflict, leading to a surge in marine war insurance premiums. Houthi...more

Searcy Denney Scarola Barnhart & Shipley

What to Expect in a Florida Boating Accident Case

When you go out for a day on the water, the last thing you expect is to end the day dealing with the aftermath of a boating accident. But, these accidents happen far more often than they should, and many boat captains and...more

Searcy Denney Scarola Barnhart & Shipley

Proving Liability After a Florida Boating Accident

Proving liability after a boating accident is critical when seeking just compensation for your losses. To file a claim, you need to know who (or what company) is responsible—and you need to be able to prove it to the...more

Cozen O'Connor

Holiday Gift – Federal Maritime Recovery Law Updated After 170+ years

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Subrogation professionals are often vexed by the Limitation of Liability Act. In addition to inverting the usual plaintiff/defendant positions in litigation, and carrying a shortened deadline to file claims, this federal law,...more

Seward & Kissel LLP

U.S. Private Placements: Secured Notes for Vessel Owners

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Background - In recent years, one of the emerging financing methods for public and private vessel owners has been private placements of debt securities, wherein a company usually owning multiple vessels will sell...more

Blank Rome LLP

What Is the Insured’s Duty under a Marine Insurance Policy? It Depends…

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The law governing marine insurance in the United States has long been a source of considerable confusion. And if there was once a clear set of principles applicable in such cases, the Supreme Court long ago muddied the waters...more

Morris James LLP

What Kinds of Injury or Damage Can I Sue for After a Boating Accident?

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There has been a substantial rise in the number of boaters out on the water. The massive spike in recreational boating has been attributed to the pandemic, as so many Americans were looking for something different to do...more

Morris James LLP

Understanding Boat Insurance

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Boating accidents are unfortunately an all-too-common occurrence in the United States. To illustrate how widespread this issue is, consider that according to the U.S. Coast Guard’s 2020 Recreational Boating Statistics Report...more

Morris James LLP

Will Homeowners’ Insurance Cover a Boating Accident?

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As the summer kicks off, many people are getting out on the Delaware waterways and oceanfront in kayaks, jetskis, speedboats, and other personal watercraft. With increased activity on the water, there are inevitably more...more

Morris James LLP

Six Things To Do Immediately After a Boating or Jet Ski Accident

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The Delaware waterways are a popular destination for boating, jet-skiing, paddle boarding, water-skiing, and other recreational activities. As the summer approaches, many people are looking forward to getting out on the water...more

Morris James LLP

Maritime / Boating Accident FAQs

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1. What is the first thing you must do after a boating accident? If you have had a boating accident, you must first take care of the health and safety of the people involved. Ensure everyone is safely on the boat if it is...more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

Cooley LLP

Blog: Supreme Court rules on scope “malice” in war risks insurance policy

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In Navigators Insurance v Atlasnavios Navegacao [2018] UKSC 26, the Supreme Court was asked to consider whether the smuggling of cocaine on a vessel, unknown to the owners or crew, constituted a ‘person acting maliciously’ in...more

Carlton Fields

Federal Court In Puerto Rico Voids Marine Insurance Policy Based Upon Misrepresentation In Insurance Application

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QBE Seguros brought a successful action declaring a marine insurance policy was void ab initio under the doctrine of uberrimae fidei and the breach of the warranty of truthfulness in the application for insurance....more

Cozen O'Connor

Shipowner Who Tried to Skirt Club Rules Runs Aground in Court

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The U.S. District Court for the Southern District of New York recently issued a decision finding that a shipowner member was bound to a P&I Club’s board of directors’ decision to deny coverage for that member’s losses arising...more

Baker Donelson

The Wandering Rocks – Recent Fifth Circuit Jurisprudence On Offshore Indemnity

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A pair of recent Fifth Circuit cases, In Re Larry Doiron, Inc., 849 F.3d 602 (5th Cir. Feb. 23, 2017, rev’d Mar. 7, 2017) and Richard v. Anadarko Petroleum Corp., No. 16-30216 — F.3d —-, 2017 WL 835187 (5th Cir. Mar. 2, 2017)...more

Carlton Fields

Changes in Cuba May Impact the Insurance Industry

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While much remains to be determined, the recent easing of U.S. restrictions on travel to and trade with Cuba may bring opportunities for U.S. and global insurance companies. However, many questions and obstacles remain. This...more

Cozen O'Connor

The Second Circuit Requires Insureds To Be Truthful With Its Insurers

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In a twist on the old adage, “bad facts make bad law”, the Second Circuit’s recent decision in Fireman’s Fund Insurance Company v. Great American Insurance Company of New York, Civil Action No. 14-1346-cv, 2016 WL 2943139 (2d...more

Carlton Fields

New York-Based Marine Insurer Settles Potential U.S. Sanctions Violations

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As if to provide a not-too-subtle reminder to insurers of the applicability of U.S. trade sanctions to their businesses, the Treasury Department’s Office of Foreign Asset Control (OFAC) announced on August 6, that a New...more

Davis Wright Tremaine LLP

Insurers Take Notice: Don’t Become a Casualty of Trade Sanctions Violations!

The U.S. Department of Commerce’s Office of Foreign Assets Control (OFAC) announced that Navigators Insurance Company, which is headquartered in New York and specializes in marine insurance and related lines of business,...more

Carlton Fields

Court Denies Motion To Dismiss For Lack Of Subject Matter Jurisdiction

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In prior proceedings, Glory Wealth obtained an England arbitration award against Industrial Carriers, Inc. (ICI) and a confirmation of the award in the United States District Court for the Southern District of New York....more

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