The range of insurance options available to seafood shippers appears to be broadening, although insurance premiums for fresh and frozen products shipped across the globe remain at "new normal" levels.
Underwriters are showing more willingness to embrace some risk than even just a few months ago, New York-based insurance expert Michael Lieberman, senior vice president, food and beverage practice leader at international insurance brokers Foa & Son Corporation, told IntraFish.
Even before the onset of the global COVID-19 pandemic, stricter guidelines put in place by some Lloyds of London underwriting syndicates meant some companies previously willing to underwrite fresh and frozen seafood consignments dropped out of the market.
