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Marine Cargo

A dedicated page for content relevant to (re)insurance professionals with an interest in Marine Cargo

Viewpoint

Competitive operating conditions, a series of natural catastrophes, and the UK’s impending exit from the European Union...

  • The LMA / Report / 5 months ago
  • Law

Underwriting update

The LMA is continuing to work with its underwriting committees in order to review wordings that may be affected by the Insurance Act. This is a major project for us in 2016. Over 90% of approximately 300 non-marine wordings have now been reviewed. Over 50% of flagged wordings will be archived, with the remainder being either retained as original, or amended accordingly. The majority of amendments are in line with the Act, although there are some examples...