Retail Marine Insurance

Covering news from the retail marine business including claims on yachts and super-yachts.

• IUMI 2020: Nero Drydock recovery still in progress, legal proceedings underway September 21, 2020
  An accident involving a yacht in dry dock in Genoa last year continues to be a matter of legal dispute when it comes to where liability should be ascribed and whose insurers will pay for it ....
• IUMI 2020: IUMI raises concerns over increased accumulation risk for yachts and inland vessels September 21, 2020
  The impact of Covid-19 has forced many yacht owners to return their vessels to their home port or to a local yard for maintenance. Anneke Kooiman, Chairperson of the Inland Hull, Fishing ....
• IUMI 2020: Electronics on new yachts now cost more than machinery September 21, 2020
  A typical yacht has a 1-in-1,000 chance of being struck by lightning during its lifetime, significantly greater than the 1-in-70,000 chance for an individual, and when that loss occurs ....
• Carnival Corp to accelerate ship disposals September 18, 2020
  In a filing with the SEC this week Carnival Corp said that it expected future capacity "to be moderated by the phased re-entry of its ships, the removal of capacity from its fleet and delays ....
• Hurricane Sally makes landfall in Alabama as a cat 2 September 17, 2020
  Major shipping areas were missed by Hurricane Sally, which made a slow-moving landfall as a category 2 hurricane yesterday morning. However, some towns that are home to leisure boats could ....
• TUI recommences cruises from Greece September 17, 2020
  After the successful resumption of its voyages from the German ports, TUI resumed cruises in Greece from September 13th. Week-long voyages of the Mein Schiff 6 (IMO 9753208) ....
• More cash raising from Carnival Corp September 16, 2020
  Carnival Corp has said that it expects to post another multi-billion dollar loss in Q3. Its cruises have been massively affected by the Covid-19 pandemic, with only some local cruises in the Asia ....
• France agrees €30m in aid for ferry companies September 16, 2020
  The French government has said that it would be reimbursing €30m in payroll costs to French ferry companies that have been affected by the coronavirus crisis and Brexit ...
• US cruise CEOs call for resumption of service in US September 16, 2020
  Cruise line CEOs is the US called last week for a return to service of cruise ships. The arguments were put forward during a meeting of the Miami-Dade County Tourism and the Ports Committee,
• Sally brings threat of storm surges to US Gulf Coast September 15, 2020
  Tropical Storm Sally strengthened off the west coast of Florida on Sunday and was poised to become a hurricane the National Hurricane Centre (NHC) said on Sunday September 13th .....