NMLA To Host Webinar on Marine Insurance

With the arrival of hurricane season, the National Marine Lenders Association is hosting an informative webinar, led by marine insurance expert Matt Anderson, Global Marine Insurance, addressing critical questions and evolving issues related to the marine insurance landscape. This forum is for marine lenders, credit unions, banks, insurance professionals and anyone involved in collateral risk management or marine finance.

The webinar will take place on Wednesday July 16 from 2:00 to 3:00 p.m. EDT and will include the following topics.

• Deductibles and Lender Requirements: Clarifying common lender mandates and how they intersect with borrower policy terms.
• Breach of Warranty Coverage: What it means, when it is required, and how it protects lien holders.
• Windstorm vs. Named Storm Coverage: Unpacking the differences and implications for both insurers and policyholders.
• Regional Insurance Challenges: Discussion on the availability and affordability of marine insurance in Florida and the broader Southeast United States, including current market stressors.
• Hurricane Season Policy Limits: Are some Florida hull insurance policies void during hurricane seasons? What to look out for.
• Guidance for Stakeholders: Advice for policyholders and lien holders (including banks and credit unions) to better protect assets and interests during storm season.
• Market Shifts: Are new carriers entering the space? Is claims activity trending up or down?
• Hard-to-Insure Risks: Geographic regions and types of collateral that are becoming challenging to cover.
• Lender Strategies: Best advice for borrowers on obtaining robust coverage – and Matt’s guidance for lenders as they prepare for the next 6 – 12 months in a shifting insurance environment.

Register for the webinar HERE