News / Forwarders deny they 'hawk' insurance, as claimed in Flexport case

Source: Port of Rotterdam.

Forwarders have been swift to deny claims that selling insurance is a conflict of interest with their obligations to shippers.

Start-up US shipper Advent Blocks last week filed a lawsuit against Flexport, after it lost $450,000 in sales after imports failed to arrive in time – a claim denied by its Flexport-recommended insurer, Zurich, which cited a clause in the policy Advent said it had not seen.

It said: “The denial of claims deprived Advent Blocks of at least $418,427.56 of capital ...