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Despite ending today, the lingering costs of the International Longshoremen’s Association (ILA) strike could leave uninsured US east and Gulf coast shippers with a hefty bill – and even those with cover could be caught out by unforeseen risks.
Patrizia Kern, chief insurance officer at embedded insurance platform Breeze, told The Loadstar the effect on insurance claims would “largely depend on the length and scale of the strike”.
Yesterday, the USMX and ILA announced they had extended the master contract and ...
Comment on this article
Kevin Varghese
October 07, 2024 at 6:06 amA lot of what was told by Mrs. Kern suggests that insurance is going to be really really tough to claim after the strike.