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26 Dec 2022

Dear All, This is with reference to marine insurance claim trends over the years and factors leading to these severity and frequency of marine claims. Fire & explosion emerges as the biggest challenge for marine underwriters over the world like engine room fire and fire caused by Li-on(Lithium Ion battery). Other causes which have major impact in marine claims have been...

10 Dec 2022

Dear Sir/ Madam, As you are aware, General Insurance Industry is a dynamic field and is well regulated now in India. In order to open up the general insurance market and to make it competitive for the benefit of the insuring public, regulatory changes have been brought about from time to time particularly in the Property ( FIRE & ENGINEERING) ...

7 Dec 2022

Dear Sir/ Madam, Greetings from Beacon. Driving safety culture is always a valued assets for a manufacturing industries. Steel, Aluminium, Glass manufacturing / processing plants etc. having furnace or foundries as critical process machineries, has the exposure of molten metal spillage / leakage. This type of material needs to be handled / transferred very carefully and adequate safety measures has...

1 Nov 2022

Dear Sir/ Madam, Greetings from Beacon. It is desirable to have a safe working environment. Presence of Combustible dust within the process area / warehouse area / closed shed etc. will be a risk factor for industrial fire / Explosion, unless it is completely removed or reduced to a certain level. Combustible dust is a key concern area for many...

8 Sep 2022

Dear Client, Greetings from Beacon!!! As a part of our continuous communication we feel immense pleasure to keep you updated regarding your marine cargo policy. We would like to inform you about a recent fire incident on ZIM CHARLSTON. ZIM CHARLESTON experienced a fire in cargo hold no. 4 whilst navigating off Colombo on 8 August 2022. It was reported...

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