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.

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