LAW7786 - Law of Marine Insurance

LAW7786 - Law of Marine Insurance

Course Number: 

7786

Type: 

Seminar

Credits: 

2

Prerequisite(s):

none

The international marine transportation industry presents special challenges for insurers, both in terms of physical risks and the legal environment. This course will review the history of ocean marine insurance, examine the unique relationship between insurer and insured under admiralty law, survey the maritime industry to identify risks and analyze the various coverages available under hull, cargo, protection & indemnity, pollution liability and other specialized policies to address those exposures. Students will also explore regulatory aspects of ocean marine insurance and the role of reinsurance in the market. A paper is required.