09/07/2020 9:30 AM
COVID-19, recession and abandoned cargo - the impact on cargo and liability insurance
As governments around the world imposed restrictions on movement, many containers were already en route and became caught up in ports, warehouses and other transit hubs. Even though lockdown restrictions are easing, the impact on the economy has seen unprecedented reduction in markets and a record recession is predicted.
With consignees going out of business or simply not having the market demand for their goods, many of these containers are being abandoned. In this webinar, we shall consider the impact of these abandoned containers on the insurance industry in terms of both cargo insurance and freight liability insurance. We will also consider the losses arising from such claims and the extent to which these might be covered under such policies.
If you would like to register your interest in joining this webinar please contact our events team.