CITGO compels insurers to pay $54 million for Venezuela oil cargo loss
CITGO, anticipating potential risks, had secured a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
Tag: cargo
Liberty Mutual demands $600,000 after cargo vanishes in transit
The complaint sets out five causes of action: breach of contract and violation of the Montreal Convention, breach of bailment,…
Liberty Mutual denies $200K cargo loss claim, faces lawsuit from Bay Island
According to the complaint filed in the United States District Court for the District of South Carolina, Greenwood Division, Bay…
Cargo insurance premiums are ‘dropping off a cliff’ :: Insurance Day
Cargo insurance premiums are set to slide after an extended period of stability, the International Union of Marine Insurance (Iumi) has…
XL Specialty Insurance pursues shipping giants for $1.6 million pharma cargo loss
According to the complaint, the cargo was loaded in good order and condition at Nhava Sheva and Hyderabad, India, and…
HDI Global Insurance Company pursues UPS over $250,000 cargo claim
On August 14, 2025, HDI Global Insurance Company filed a lawsuit against UPS Supply Chain Solutions, Inc. in the United…