Spire Global and NVIDIA Join Forces to Revolutionize AI-Driven Weather Forecasting
Spire Global teams up with NVIDIA, aiming to improve forecast accuracy and tackle the challenge of extreme weather events through AI-driven weather prediction.
March 20, 2024
Catastrophe
Marine
Risk Management
Technology
Record-High Sea Surface Temperatures Alarm Ocean Scientists Globally
Ocean temperatures have surged to unprecedented levels for over a year, alarming scientists about potential long-term ecological and meteorological impacts.
March 15, 2024
Catastrophe
Marine
Risk Management
Marine Insurers and Shipowners Unite for Greener Shipping Futures
Marine insurance experts advocate for joint decarbonisation efforts with shipowners to navigate the complexities of reducing greenhouse gas emissions.
February 23, 2024
Legislation & Regulation
Marine
Risk Management
Technology
Supercharged Hurricane Season Looms in 2024, Experts at AccuWeather Warn
With La Niña’s return and record-warm Atlantic waters, AccuWeather forecasts a potentially explosive hurricane season in 2024.
February 20, 2024
Catastrophe
Marine
Risk Management
Texas
Study Warns of Looming Risk of Atlantic Ocean Current Shutdown and Its Global Impact
A groundbreaking simulation suggests the Atlantic Ocean’s vital currents may face a "cliff-like" collapse sooner than expected, threatening drastic global climate shifts.
February 12, 2024
Catastrophe
Marine
Risk Management
Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency
With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.
February 12, 2024
Catastrophe
Marine
Property
Risk Management
Louisiana
New York
Fishing Vessel Wrecked on Maine Coast Due to Autopilot Error
A crew member’s nap and an unactivated bridge alarm led to the Tara Lynn II fishing vessel crashing onto rocks amid a storm on the Maine coast.
January 24, 2024
Marine
Property
Maine
$6.4 Billion Estimated Insured Losses in Japan’s Noto Peninsula Earthquake
The 2024 Noto Peninsula Earthquake in Japan caused significant insured losses, with residential properties, especially older structures, bearing the brunt of the damage.
January 5, 2024
Catastrophe
Marine
Property
Risk Management
US Issues Caution for Maritime Shipping in Red Sea Amid Rising Attack Risks
The US warns of increased dangers for ships in the Red Sea and Gulf of Aden, with recent attacks and suspicious activities heightening risks and insurance concerns.
November 28, 2023
Catastrophe
Insurance Industry
Marine
Risk Management
Pirates and Vigilantes: Oakland’s Boat Owners Unite Against Escalating Theft
Oakland is grappling with a growing problem that extends beyond its streets into the serene waters of the estuary. Property crime has spilled onto the city’s docks and marinas, where boat owners are becoming increasingly vulnerable to thefts and burglaries.
September 11, 2023
Marine
California
Who’s at Fault When AI’s Driving a Cargo Ship?
It’s 2035 and a maritime court has convened to determine who’s at fault when a seagoing vessel made an error in passage planning -- a safety exercise that maps a voyage from start to finish, including harbour navigation and docking.
June 30, 2023
Liability
Marine
Technology
Choice Of Law In Marine Insurance -- What’s SCOTUS Going To Do?
Choice of law clauses are a valuable tool for parties to preemptively decide which jurisdiction’s laws should apply to the enforcement and interpretation of insurance policies.
April 19, 2023
Litigation
Marine
Seattle Marina Fire Destroys 30 Boats, Arson Suspect Arrested
Flames engulfed a marina in Seattle’s University District, burning dozens of boats early Wednesday. According to the Seattle Fire Department, as many as 30 boats at a dry rack storage facility were burning when firefighters arrived and the fire had spread to an adjacent warehouse.
March 22, 2023
Marine
Washington
Key Trends Driving Marine Claims Activity
Fire and explosion incidents are behind the most expensive insurance claims in the marine industry, while cargo damage is the most frequent cause of loss, according to a report by Allianz Global Corporate & Specialty (AGCS).
November 23, 2022
Marine
Removing Damaged Boats: Florida’s Marine Towing and Salvage Companies Swamped
Heather O’Brien’s phone hasn’t stopped ringing in the two weeks since Hurricane Ian hit. O’Brien, who along husband Capt. Pat O’Brien has owned the Fort Myers Sea Tow franchise since 1996, already has responded to ‘hundreds’ of situations where boats were sunk or displaced or need to be recovered because of the storm.
October 18, 2022
Marine
Salvage
Florida
