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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Unplanned Encounters Discussed at Navy CNO's China Meeting

Chief of Naval Operations (CNO) Adm. Jonathan Greenert has left the People's Republic of China (PRC) after a successful four-day counterpart visit with military leaders,

Germany as a Maritime Location Endangered: VDR

Germany, which currently is home to the world’s biggest container vessel fleet, will in future have fewer small shipping firms as European banks avoid the industry

Shipbuilders Vard Report Financial Fair Sailing

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”),

Vessels

Third RAmparts 2500 Tug for SMIT-Rebras

Keppel Singmarine BrasilLtda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT Panará, the third of a series of six Robert Allan Ltd.

Russia Doubts France Will Cancel Warships Sale

A senior Russian official said on Monday he doubted France would cancel its sale of warships to Russia, despite coming under pressure from other Western leaders

Port of Boston: A Vital Economic Engine

Port of Boston is Vital Economic Engine and Job Generator for Region. The Port of Boston generated $4.6 billion in 2012 and more than 50,000 jobs are supported by the port,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Ship Repair Ship Simulators 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: 0.1615 sec (6 req/sec)