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Salvage Operation Of Cargo Ship Golden Ray Largest In U.S. History

An official providing an update on the Golden Ray wreck removal off the coast of Georgia said it is the largest in United States history and required more than 3 million collective man-hours.

October 27, 2021 CNN Marine Salvage Georgia

Luxury Yacht Docked At Massachusetts Marina Consumed By Fire

An 82-foot boat was destroyed Monday night after a fire broke out on the vessel while it was docked in New Bedford, Massachusetts.

September 9, 2021 NBC Boston Marine Massachusetts

More Than 700 Barges Stuck in Mississippi River From Bridge Crack

A crack in a bridge over the Mississippi River has stranded more than 700 barges, cutting off the biggest route for U.S. agricultural exports when the critical waterway is at its busiest.

May 14, 2021 Transport Topics Marine Tennessee

Questions About Insurance Key In Legal Aftermath Of Suez Blockage

The world watched as the MV Ever Given remained stuck in the Suez Canal between March 23 and 29. The ultra-large 20,000-TEU vessel was in the middle of its voyage from the Port of Tanjung Pelepas in Malaysia to the Port of Rotterdam, Netherlands, when, according to the vessel operators, strong winds made it run aground.

April 21, 2021 American Shipper Marine

Six Rescued, Several Missing After Boat Capsizes In Gulf of Mexico Storm

Six people were rescued near the coast of Louisiana after a commercial boat capsized about eight miles off Port Fourchon on the Gulf of Mexico, the U.S. Coast Guard said late Tuesday.

April 14, 2021 Reuters Marine Workers' Compensation Louisiana

Suez Blockage May Lead To Large Reinsurance Claims, Broker Willis Re Says

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.

April 2, 2021 Reuters Marine

Reinsurance Costs From Suez Obstruction To Exceed $100M: McGill & Partners

Analysts at specialist broker McGill and Partners believe that the re/insurance industry could be looking at costs in excess of $100 million due to the ongoing obstruction in the Suez Canal.

March 26, 2021 Reinsurance News Marine Salvage Subrogation

Suez Canal Blockage Delaying An Estimated $400M An Hour In Goods

The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List.

March 26, 2021 CNBC Litigation Marine Salvage

Salvage Of Georgia Shipwreck Delayed Again

An engineering problem has forced another delay before salvage crews can start removing an overturned cargo ship that’s been partially submerged on the Georgia coast for more than a year, officials said Wednesday.

October 9, 2020 Yahoo Marine Salvage Georgia

Hurricane Hanna Aftermath: Storm Surge, Flooding Causes Widespread Damage Along South Texas Coast

As expected, Hurricane Hanna made landfall at around 5 p.m. Saturday just south of Baffin Bay as a Category 1 storm. What was not expected was the size of its storm surge and the devastation it would leave behind.

July 27, 2020 KIII Marine Property Utah

8 Firefighters Injured By Explosion While Battling Cargo Ship Fire

While battling a large fire aboard a cargo ship at Blount Island, the Jacksonville Fire and Rescue Department said an explosion occurred, injuring firefighters. According to Fire Chief Keith Powers, eight firefighters were injured in the explosion, and an additional firefighter was treated for heat exhaustion.

June 5, 2020 News4Jax Excess & Surplus Lines Marine Florida

Court Rules That Sunken Barge Damage Must Be Covered By Insurer

During repairs to the Coney Island Steeplechase Pier, a spud barge sank and damaged the pier further. The court had to decide if the insurer was responsible for the barge’s damages.

February 11, 2020 Risk & Insurance Litigation Marine

Insurers Win Court Battle Over Bogus Pirate Attack Fraud

“The improbable can happen. But when a number of improbabilities occur consecutively within a short period of time it is very difficult to accept that they are coincidences.”

October 8, 2019 Insurance Business Fraud Litigation Marine

Coast Guard Contacts Crew Members Inside Capsized Cargo Ship Off Georgia Coast

Rescue teams made contact Monday with four crew members still inside the Golden Ray, a day after the cargo ship capsized off the coast of Georgia, according to the U.S. Coast Guard.

September 9, 2019 NBC News Excess & Surplus Lines Marine Georgia

Charles Taylor Adjusting Eyes US Growth Opportunities

International loss adjustment firm Charles Taylor Adjusting (CTA) has its sights set on growth in the US market. Its growth initiative started in January 2017 with the appointment of seasoned claims expert, Vince Cole, as chief executive officer of US operations. Under Cole’s leadership, CTA has enjoyed significant organic growth, doubling its revenues and earnings every quarter for the last nine quarters, and the firm has no intentions of slowing down.

June 24, 2019 Insurance Business Excess & Surplus Lines Marine Property Risk Management