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Marine insurance traditionally formed the majority of business underwritten at Lloyd's. Nowadays, Marine insurance is often grouped with Aviation and Transit (cargo) risks, and in this form is known by the acronym 'MAT'. It is common for marine insurance agencies to compete with the offerings provided by local insurers.
In 1985, Donald Trump, primarily a businessman and real estate investor at the time, acquired Mar-a-Lago and used it as a residence. In 1994, he converted it into the Mar-a-Lago Club, a members-only club with guest rooms, a spa, and other hotel-style amenities. The Trump family maintains private quarters in a closed-off area on the grounds. [9]
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
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Although Gard's P&I business started in 1907, its marine insurance activities can be traced back to as far as 1867 with the establishment of Æolus, [2] which later became part of the Storebrand group. Over time, the importance of Arendal as a major Norwegian shipping-hub waned. The Second World War also took a heavy toll on owners insured with ...
After several false starts, development began in 2007 on a new $450 million resort, a project by Lowe Destination Development, which was planned to include a hotel, privately owned "casitas", and full spa and resort facilities. Originally projected to include an 18-hole golf course, the plan was changed to include only an "Executive Par 3" golf ...
Inland marine insurance is an insurance category in the United States that indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. The term marine is of historical origin and the insurance definition has evolved to include a wide range of property and materials that are ...
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