Recent headlines concerning the failure of a high profile bond fund dragged the “high yield” corporate credit market into the spotlight, concluding what was a rather tumultuous year in 2015 for these risk-oriented investments.
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A long-term client of over 20 years, a fleeting and harbor service company that offers ship repair and performs contracting work on the inland rivers, was approaching their insurance renewal. The company’s loss history was a mix of good and poor years, with a recent year being unprofitable for the insurer.
A marine contractor on the inland river system had suffered a large claim in the last few years that went well into the excess coverage. The owner wanted to guarantee insurance coverage moving forward but also save money and improve coverage. Gallagher Marine was given an opportunity to accomplish this.
A dredging contractor was approaching the insurance renewal and had two claims in the current year. One claim was completely denied and the other was a common type of loss. The claim went on for more than six months without the company receiving a penny from the carrier.
A U.S. based manufacturing company, with overseas manufacturing and worldwide distribution centers, was looking to reduce their freight forwarder costs.
Gallagher Marine Group Provides Pollution and Remediation Legal Liability Program for Port Authority
The owner of a spoil site property needs to be included as an insured in the policy with a waiver of subrogation. The spoil site, a former gypsum mine, is a reclamation site with potential preexisting issues.
The port had a long standing placement with a career with no recent review of coverage as it applied to the Port’s evolving needs. Like most public entities, this county was suffering from budget shortfalls due to a reduced tax base. The client needed to meet budget challenges by obtaining insurance cost reductions while maintaining or improving coverage.
Equity markets began 2016 by taking a beating, as China slowdown worries overflowed into global markets.
Gallagher’s Nonprofit Beat is a new way for us as a global practice serving more than 24,000 nonprofits around the world to bring the many resources available to your attention.
In an effort to help you navigate the W-2 requirements, Gallagher has developed these tools to assist you in understanding, complying with, and communicating the changes to your employees.