Falvey Announces New Pollution Insurance Division

MarineLink.com
Friday, April 19, 2013

Falvey Insurance Group has formed a new division, Safe Harbor Pollution Insurance.

Offering some of the broadest terms available in the commercial market, Safe Harbor's Global Vessel Pollution Policy provides comprehensive protection for any vessel, owner or operator. Veteran insurance professionals Russ Brown, Tony Gerone and Sean Quinn bring over 35 years of experience in underwriting marine pollution coverage to the new Long Island-based company.

"The establishment of Safe Harbor Pollution Insurance Company represents the realization of our longstanding vision to offer an unparalleled level of service to our marketplace," said principal Russ Brown.

"We are thrilled to have Russ, Tony and Sean join us and are confident in their ability to provide a superior underwriting product with exceptional service in the marine pollution liability market," said Falvey Insurance Group president Michael Falvey. "Safe Harbor is the first new substantial marine pollution insurance company on the market in a decade."

Starr Indemnity & Liability Company, an 'A Excellent' rated company by A.M. Best, will supply underwriting services to Safe Harbor. This  financial strength provides the peace of mind that claims will be settled fairly and swiftly. Safe Harbor is pleased to partner with Starr, a company that shares its vision for unsurpassed service and underwriting excellence.

Safe Harbor's business model offers one of the broadest policy forms, underwriting limits to meet its clients' needs. It also offers an industry-leading technology platform that will allow producers a live, real-time, 24-hour accessibility through their own gateway.

Safe Harbor's four different policies meet a variety of pollution insurance needs. The Marina Policy protects marina owners in the event of a spill from a vessel at their location, while the Shipyard Policy protects shipyards in case a spill happens to a vessel being built or repaired. The Non-Vessel Owner Policy provides coverage to a third party's legal liability in the event of a vessel discharge. All of these policies offer limits of $1 million or $5 million.

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

Vessels

Gulf Bridge Express Service to End

The Gulf Bridge Express Service will shortly be terminated with the last roundtrip voyage being MV Saint Nikolaos voyage 00008S, ETA New Orleans on April 22, 2015.

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Insurance

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

Swedish Club Reports 'Healthy Growth'

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the

Steady Growth Reported by the Swedish Club

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1568 sec (6 req/sec)