Two articles in two weeks have hit the desk of InsuranceBusinessMag.com involving HDI Global Insurance, highlighting the complexity of international shipping and recouping losses whenever possible.
One suit is a case of tumbling, sinking shipping containers off the coast of Africa.
“The insurer is seeking to recover $2,002,586.08 after an incident last August left containers of goods either lost overboard or damaged off the coast of South Africa.” – HDI Global Insurance pursues shipping giants over $2 million cargo claim – By Tez Romero – InsuranceBusinessMag.com
The other involving a transaction on the other side of the planet, off the coast of Australia. HDI is attempting to recover a claim already paid out to a customer, to which they are now legally able to sue, aka “subrogated” to sue.
Gemini AI example of subrogated: “If your car is hit by another driver and your insurance pays for the repairs, your insurance company may then be subrogated to your right to sue the at-fault driver’s insurer to get their money back. “
“The case highlights the realities of subrogation and the challenges of managing international cargo claims.” – HDI Global Insurance Company pursues UPS over $250,000 cargo claim – By Matthew Sellers -InsuranceBusinessMag.com