Know The Role of Your Insurance Provider
by Jason Odgers, SVP, World Insurance Services In the vast landscape of insurance providers, consumers may interact with insurance companies, insurance agents, insurance brokers, managing general agents, managing general underwriters, wholesalers, and third-party administrators, to name a few. What is the difference between each? Why does it matter? Some insurance service providers operate in multiple […]
Pirate Attacks: Viable Cause for Concern in the Shipping Industry
Pirate attacks – Sixty incidents of hijacking and armed robbery against ships were recorded in the first half of 2024. Of these incidents, perpetrators successfully boarded 85% of the targeted ships. Michael Howlett, International Maritime Bureau director, said, “Violence against crews continues, with 85 hostages taken compared to 36 at the same time last year, […]
How Forwarders Will be Harmed by ILA Strike & Port Closures
by Jason Odgers, SVP, World Insurance Freight forwarders and other intermediaries face potentially serious financial consequences resulting from the expiration of the labor contract between USMX (US Maritime Association) and the ILA (International Longshoremen’s Association). Supply chain disruptions from the resulting port closures from NY to Texas and consumer turmoil aside, a prolonged USEC/USGC port […]
Protect Your Business Against Motor Carrier Fraud
Motor carrier fraud – Cargo theft activities have increased significantly in the United States and Canada. According to CargoNet, nearly 2,500 cargo theft events were recorded across the U.S. and Canada in the first three quarters of 2024, and the total value of stolen goods exceeded $183.5 million. Organized crime groups have emerged as primary […]
Maximize Efficiency with LCL Sea Freight
LCL sea freight: In today’s competitive and digitally driven trade environment, businesses must prioritize cost-effective and operationally efficient logistics strategies. For many small to medium-sized enterprises (SMEs), international shipping can present unique challenges, especially when shipment volumes do not justify a Full Container Load (FCL). That is where LCL sea freight steps in. LCL (less […]
How LCL Container Shipping Saves You Money
LCL container shipping – In the dynamic landscape of international logistics, enterprises continuously pursue optimised shipping methodologies that balance cost efficiency with operational agility. For small to medium-sized enterprises (SMES), achieving cost containment in freight management without degrading service levels or supply chain responsiveness is a strategic imperative. Less than Container Load (LCL) container shipping […]
Cargo Insurance Requirements for Safe Shipments
Cargo insurance requirements – In the fast-paced world of global trade, ensuring the safety of your shipments is paramount. While logistics and timely delivery are crucial, protecting your goods against unforeseen events is equally important. This is where cargo insurance comes into play. Are you confident that your shipments are adequately protected? Understanding and meeting […]
Is Marine Insurance Coverage Important for Your Business?
Marine insurance coverage – In today’s interconnected global economy, shipping, logistics, and international trade are pivotal to business success. However, with the vast opportunities come significant risks. From geopolitical tensions to climate-induced disruptions, the maritime industry faces challenges that can have profound financial implications. This raises a critical question: “Is your business adequately protected against […]
How Export Import Insurance Safeguards Trade
In the dynamic landscape of global trade, every shipment carries inherent risks. If you are exporting goods or importing products, protecting your cargo and financial interests is vital. Export-import insurance is designed to mitigate these risks, providing peace of mind and ensuring that your business operations remain secure and profitable. Azure Risk’s article today will […]
Cargo Insurance vs Freight Insurance: What Is Best for You?
In today’s fast-paced global trade environment, protecting your cargo is not just a precaution; it is a necessity. Whether you are shipping products internationally or moving goods across a single region, having the right insurance coverage can make a significant difference in your bottom line. But when it comes to cargo insurance vs freight insurance, […]
