Insurance rates for shipping seafood around the globe are starting to stabilize at 'new normal' levels some 20-40 percent higher than before the onset of the global COVID-19 pandemic, just one of several consequences of global trade disruptions.

That's according to New York-based insurance expert Michael Lieberman, senior vice president, food and beverage practice leader at international insurance brokers Foa & Son Corporation.

FOA & Son Corporation Senior Vice Micheal Lieberman has a wealth of experience handling insurance for some of the biggest seafood companies.