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Stability The financial statements in this year’s publication show a 2% top line growth in the size of ITIC together with a rise in operating surplus of US$4.45m. In what are described, by many

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As the world becomes more litigious, ITIC has seen Members in the Middle East, and beyond, focusing more on their contractual risk management. ITIC always encourages Members to use standard terms and

A P&I correspondent, was appointed by a P&I Club to manage a sensitive crew claim following the death of a seafarer onboard. The correspondent was tasked with liaising with the family of the

ITIC warns agents to respond to shippers’ requests in good time, or face the possibility of financial penalties.  The insurer cites a recent case where a container of frozen beef was being

A yacht broker had successfully arranged a charter and received bank details from the owner for the payment of hire. Everything appeared to be in order, until the owner suddenly claimed to be

Since it’s re-design in November 2001, the Club’s website has received thousands of visitors. Feedback, both directly from the site, as well as through more traditional channels, has brought about

The graph shows the number of claims reported to ITIC for the five policy years to 31st May 2014. Claims are divided into two categories - indemnity and debt collection files. As can be seen, the

The Year 2000 problem, or the “millennium bug” as it is sometimes called, arose several decades ago when the memory resources of computer chips were very limited and programmers were encouraged to

ITIC believes loss prevention is an important part of its services. With over 2,300 assureds we see a very wide range of issues. Where possible, we use that experience to assist members avoid