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.

“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.”

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.

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.

Much of the Houston Ship Channel remained closed Saturday a day after two vessels collided, causing a large gasoline blend spill and setting off another round of environmentalists concerns for the Gulf Coast.

Canopius AG announced it has entered into a strategic partnership with Samsung Fire & Marine Insurance (SFMI). Under the terms of the transaction, SFMI will become a significant minority investor in Canopius.

Deadly storm Florence moved across western North Carolina early on Monday and continued to dump rain that has nowhere to go except to swell rivers, flood highways and homes, and threaten more lives as it heads towards Virginia and New England.

Hurricane Florence is making landfall in North Carolina, creeping ashore at 6 mph — but bringing winds of 90 mph, a massive storm surge, and a rain system that will soak much of the state and South Carolina for days. Forecasters warn of "life —threatening, catastrophic flash flooding."

U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding.

More than 1.5 million people were ordered to evacuate their homes along the U.S. Atlantic coast as Hurricane Florence, a Category 4 storm and the most powerful to menace the Carolinas in nearly three decades, barreled in on Tuesday.

Tropical Depression Gordon was expected on Thursday to dump more rain on central U.S. states, while Hurricane Florence, a monster Category 3 storm, churned toward Bermuda, the National Hurricane Center said.

While no landmasses will be threatened this week, one scenario takes Florence close to Bermuda to start the second full week of September.

Some insurers are considering how artificial intelligence could help underwrite marine risks.

Hurricane Lane weakened as it marched toward Hawaii, but it’s list of life-threatening calamities is still going strong. The hurricane was downgraded to a Category 3 storm Thursday, even as it unleashed torrential rainfall, flooding and landslides over parts of Hawaii’s Big Island, along with dangerous surf and high winds.