Marine Cargo Insurance: Basics and Complexities

(148 Ratings)

Produced on: May 02, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 61 minutes
Difficulty Beginner

Marine cargo insurance is one of the oldest insurance products around. Given global trade, it remains a highly relevant and significant tool to manage risk and promote commerce. While the insurance product itself may be old, some of the perils to cargo have shifted and grown in magnitude. Technology-enabled theft is one area where pirates use more nimble and sophisticated means to steal. Severe weather is another area where the safe passage of cargo may be placed at increased risk.

For the sake of commerce, it is important that cargo insurance keep up with the times and provide meaningful protection. This program, led by Joshua Gold and Carrie Maylor DiCanio, explores both the basics and the challenges of cargo insurance, including important case law developments that bear on the scope and reliability of insurance protection for goods transported by sea and inland.

Learning Objectives: 

  1. Identify insurance products and claims issues involving the transport and handling of cargo, including Ocean Marine Insurance products offered and the risks covered
  2. Gain insight on coverage disputes regarding cargo claims
  3. Understand how to navigate the claims process and build a better product to minimize disputes over cargo losses

Faculty

Joshua Gold

Anderson Kill P.C.

Joshua Gold is a shareholder in Anderson Kill's New York office. He has represented numerous corporate and non-profit policyholders in various industries, with recoveries for his clients well in excess of $1.5 billion. Mr. Gold is chair of the Cyber Insurance Recovery Practice Group. He is also co-chair of Anderson Kill's Financial Services Industry Group and a member of the firm's Hospitality Industry Group.

Mr. Gold's practice involves matters ranging from international arbitration, data security, directors and officers insurance, business income/property insurance, commercial crime insurance, admiralty, cargo, and marine insurance disputes. He has been lead trial counsel in multi-party bench and jury trials, and has negotiated and crafted scores of settlement agreements including coverage-in-place agreements.

Mr. Gold won a multi-million dollar recovery in a landmark U.S. Court of Appeals, Sixth Circuit decision, on behalf of a retailer that suffered a data breach as a result of a computer hacking scheme. In finding coverage for the retailer's losses stemming from the breach, the Sixth Circuit rejected the insurance company's "direct loss" defense, instead applying a proximate cause standard. Because the "direct loss" defense is commonly cited in such cases, the decision is of particular importance to businesses purchasing fidelity, crime and financial institution bond coverage.

Mr. Gold has a regular column in Risk Management Magazine and has been published in numerous business and legal periodicals, covering a variety of insurance, commercial and consumer issues. He has been quoted on insurance coverage issues in Forbes magazine, CFO magazine, Business Insurance, National Underwriter, Computerworld, Best’s Insurance Newsand various other trade and business periodicals catering to the risk management, computer, medical and technology professions. He is also an Adjunct Professor of Insurance Law at Brooklyn Law School.

Additionally, Mr. Gold is a frequent lecturer on insurance coverage issues, speaking at conferences nationwide and internationally, including conferences convened by the Risk and Insurance Management Society (RIMS), the Practicing Law Institute (PLI), the Chartered Property Casualty Underwriters Society (CPCU) and the College of Insurance, New York City.


Carrie Maylor DiCanio

Anderson Kill P.C.

Carrie Maylor DiCanio is an attorney in Anderson Kill’s New York office and a member of the firm's insurance recovery and commercial litigation groups.  Ms. DiCanio is co-chair of Anderson Kill's Women's Network.

Ms. DiCanio has recovered valuable insurance proceeds for corporate policyholders in state and federal courts throughout the United States and advised clients on pre-litigation insurance matters.  Ms. DiCanio's non-insurance litigation work focuses on antitrust and securities.

Ms. DiCanio authors a chapter in the treatise Litigating Mass Tort Cases focusing on insurance coverage for the defense of mass tort claims such as those involving asbestos and environmental remediation.  She has authored numerous amicus briefs for the non-profit United Policyholders, including assisting in the drafting of an amicus brief submitted in the landmark case of Bi-Economy Inc. v. Harleysville Ins. Co., 886 N.E.2d 127 (N.Y. 2008).  In Bi-Economy, the New York Court of Appeals ruled that policyholders can recover consequential damages for an insurance company's breach of the covenant of good faith and fair dealing. 

In 2015, Ms. DiCanio was recognized by Super Lawyers as a New York Metro Rising Star for Insurance Coverage.





Reviews

BD
Brian D.

Thanks

JL
James L.

pretty good program

CB
Christopher B.

Thank you! I would enjoy more on this topic.

BO
Brian O.

They both did a nice job. They know their business and they explained the material well.

WM
William M.

Great instructors

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$59

$ 59 Insurance Law In Stock

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