Insurance Jottings

Wakashio shipowners pollution liability for Mauritius oil spill capped at US$66 million

The amount insurers of Nagashiki – the owner of MV Wakashio – will be liable to compensate for pollution following the vessel’s grounding off the coast of Mauritius is limited to US$66.3 million.

 

Wakashio wreck removal expected to top US$500 million as hull breaks in two

The marine insurance market is bracing for losses of at least US$500 million for the removal of the MV Wakashio wreck after the vessel broke in two on Saturday, the 15th August off the coast of Mauritius.

 

Lloyd’s reopening: face masks mandatory and class of business timetable introduced

The Corporation of Lloyd’s is to make the wearing of face masks compulsory when it reopens its doors on the 1st September, with passholders only permitted to enter the building on certain days of the week dependent on the line of business.

 

Maine Firefighters Get Meters to Prevent Future Explosions

Twenty fire departments in Maine are getting gas detection meters from the state to help prevent another disaster like the Farmington gas leak explosion.

 

The explosion last September killed Farmington fire Captain Michael Bell and injured seven other people. Democratic Governor Janet Mills said the new detection meters will help firefighters find the presence of dangerous gas and take precautions.

 

Ms Mills said the goal for the meters is to “spare us the painful loss of another heroic first responder.”

 

The Maine Department of Public Safety and others surveyed all Maine fire departments after the explosion and found that 20 departments had no way to detect the presence of a gas leak while responding to a call.

 

Departments receiving them will include Cherryfield, Millinocket and North Haven.