marine insurance


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marine insurance:

see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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References in periodicals archive ?
McGlone Marine Insurance is an independently owned and operated insurance agency specializing in recreational and commercial marine insurance, claims advocacy , risk management, safety training consulting and expert witness services in the Maritime Industry.
Well-known throughout the region, most recently with Alterra Insurance, Shepeck's 35+ year marine insurance career also included regional management and underwriting positions with St.
Underwriters and analysts have previously said the Concordia shipwreck would likely put the marine insurance industry into loss almost before the year has begun, increasing pressure on insurers to raise their prices.
AIG acquired the interest in Fuji and Marine Insurance in 2002.
Department of Transportation's Maritime Administration, authorizes the federal government to act as an insurer or reinsurer of last resort to facilitate waterborne commerce should private ocean marine insurance markets not be able to ensure that financial losses due to war risks (and piracy) will be largely covered.
Written at the University of Hamburg, this law dissertation reviews the historical role of the principle of good faith in marine insurance contracts, demonstrates good faith in the German and French versions of marine law, and examines the principle of utmost good faith in English marine insurance law.
It contended that the policy constituted property insurance as opposed to inland marine insurance, in which case the policy must be consistent with the standard fire policy (SFP).
The essence of our project was to try and control and facilitate the reporting of shipment information, the issuance of marine insurance certificates and the accumulation of claims information.
The Danish insurer TrygVesta A/S announced on Monday (20 March) that it plans to open a new office in Stockholm, Sweden for the launch of marine insurance services for the Swedish market.
Higuchi was president of Nichido Fire & Marine Insurance until its merger with Tokio Marine & Fire Insurance.
Sompo Japan was created in July 2002 through a merger of Yasuda Fire & Marine Insurance Co.
Sompo Japan was created July 1 by the merger between Yasuda Fire & Marine Insurance Co.

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