Covered slips are vulnerable when heavy snow and ice build up, which can lead to the collapse of the entire structure. Marinas should have good snow removal plans to mitigate the exposure but as with all plans, they are not 100% effective all of the time. These photos illustrate a series of collapsed docks from an MPG insured as a result of the 2011 blizzard on Grand Lake in Oklahoma. Also featured is a marina in Missouri dealing with the aftermath of a collapse claim. You can see the clean up is a complicated process with so much debris to contend with. It’s a cautionary tale – and an invitation to discuss with Maritime Program Group any marine-related risk, regardless of its complexity.
Swiss Re Insurance Co. Ltd. And Core Subs Upgraded To 'AA-' On Very Strong Competitive Position; Outlook Stable
Maritime Program Group (MPG) announced the national expansion of their very successful Builder's Risk program with North American Specialty (A Swiss Re Company – A+ Rated by S&P).