Claims Archives - Latitude Brokers

Latitude Brokers speaks to CNN on the Jumbo restaurant debacle

Latitude’s offices in Hong Kong overlooked the Jumbo restaurant in the Aberdeen typhoon shelter until it was towed away on 14 June to meet its fateful demise in the middle of the South China Sea, leaving the upturn grim kitchen barge behind. Much consternation ensued amongst our team and in Hong Kong, and our very own Andrew Brooker was invited ...

The “Longchamp” – a judgment with consequences?

General Average is commonly seen in insurance policies and other contracts in shipping industry. English law defines a general average act as any extraordinary sacrifice or expenditure voluntarily and reasonably incurred for the common safety and for the purpose of preserving the property in peril in a common maritime adventure. The York-Antwerp Rules (YAR) lay down the items allowable in a ...

Claims Alert – Fraudulent Bank Accounts (updated again 22 April 2016)

UPDATE 22 APRIL 2016 Further to our advices below, we have received another alert from the International Transport Intermediaries Club (ITIC), a specialist professional indemnity insurer for the transport industry, which shows that the fraudsters continue to find different and elaborate ways to deceive clients in the marine industry. The full circular is available here, but the ITIC specifically advise: ...

Social Media use in a crisis

As we all know, social media in its various forms is a powerful tool of communication used in the shipping industry to raise awareness on ongoing industry issues, create action groups and, of course, for PR (we certainly use it for all three). However, as the Norwegian Hull Club (NHC) have helpfully pointed out in their below ‘alert’ – there ...

Claims Alert – Valuations, Fair Market Values and Disclosure

We are grateful to Waltons & Morse for their recent briefing in respect of a claim made by an Assured for the total loss of a superyacht that was over-valued in a hull policy. The facts are as detailed in the briefing, but we are concentrating on two main aspects: the Assured over-valued the yacht in question; and did not disclose ...