Marine Insurance

Catalog description

The course will deal with legal issues relating to insurance against physical loss of or damage to maritime property (hull and machinery, cargo, commercial marine property, builder’s risks) and against maritime liabilities (mutual self-insurance by Protection and Indemnity Associations and commercial insurance against pollution liability). It will also deal with how such insurance contracts are made and the liability of agents, brokers, and underwriters, the effect of the insolvency of an insurance company, excess and surplus lines coverage, and reinsurance.