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IUMI warns of hidden cargo insurance costs
5+ day, 14+ hour ago (394+ words) The International Union of Marine Insurance (IUMI) has published new guidance highlighting an often-overlooked risk for marine cargo insurers - non-compliant wood packaging material, the pallets, crates and dunnage used to ship goods internationally, and the disruption that follows when regulators…...
WTW sues Lockton over alleged raid on construction insurance team
2+ week, 6+ day ago (454+ words) Insurance broker Willis Towers Watson has sued rival Lockton Companies and 18 former employees over what WTW describes as a coordinated raid on its Northeast construction insurance business. According to a complaint filed in Superior Court in Boston, 18 members of WTW’s…...