Mary Celeste: Salvage Insurance Fraud or Real Mystery - Historical Maritime Fraud
THE INSURANCE TIMES|September 2024
BRIG: Two-masted square-rigged ship, typically having an additional lower fore-and-aft sail on the gaff and a boom to the mainmast. Till the beginning of 20th Century it was using for sea trading.
Dr. Soumi Mukherjee
Mary Celeste: Salvage Insurance Fraud or Real Mystery - Historical Maritime Fraud

Ghost ships have long captured the imagination of people. These are vessels that are found adrift or abandoned at sea with no crew on board. Ghost ships can be traced back to the early days of seafaring, and their mysterious nature has led to many stories and legends surrounding them. The history of ghost ships is a long and varied one, with accounts of abandoned vessels dating back centuries. Despite the supernatural connotations of ghost ships, they have had a significant impact on the maritime industry.

The discovery of abandoned vessels can lead to investigations into safety and security practices, and the recovery of valuable cargo from these ships can be a lucrative business. These ships are often believed to be cursed, abandoned, or lost at sea, and sightings of them have been reported throughout history.

The fate of the captain and crew of the Mary Celeste remains one of the most enduring maritime mysteries in history. The mystery may very well have been left alone had author Arthur Conan Doyle not written the 1884 short story "J. Habakuk Jephson's Statement," a fictitious account of an ex-slave who captures a ship called the Marie Celeste. The story reignited interest in the ship, but as a theory, the story is entirely baseless.

The keel of the future "Mary Celeste" was laid in late 1860 at the shipyard of Joshua Dewis in the village of Spencer's Island, on the shores of the Bay of Fundy in Nova Scotia. The ship was constructed of locally felled timber, with two masts, and was rigged as a brigantine. She was launched on May 18, 1861, given the name "Amazon", and registered at nearby Parrsboro on June 10, 1861. Her registration documents described her as 99.3 feet in length, 25.5 feet broad, with a depth of 11.7 feet, and of 198.42 gross tonnage. She was owned by a local consortium of nine people, headed by Dewis; among the co-owners was Robert McLellan, the ship's first captain.

Diese Geschichte stammt aus der September 2024-Ausgabe von THE INSURANCE TIMES.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 2024-Ausgabe von THE INSURANCE TIMES.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE INSURANCE TIMESAlle anzeigen
"IMS Unison University differentiates itself in the Indian higher education landscape through a strong commitment to quality education, a personalized student experience, and a modern, industry-relevant curriculum."
THE INSURANCE TIMES

"IMS Unison University differentiates itself in the Indian higher education landscape through a strong commitment to quality education, a personalized student experience, and a modern, industry-relevant curriculum."

About Dr Anil Subba Rao Paila

time-read
10 Minuten  |
November 2024
IRDAI Corner
THE INSURANCE TIMES

IRDAI Corner

Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024

time-read
4 Minuten  |
November 2024
Insurance Caselaws
THE INSURANCE TIMES

Insurance Caselaws

The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.

time-read
5 Minuten  |
November 2024
New Product Launches
THE INSURANCE TIMES

New Product Launches

Canara HSBC Life Insurance unveils new plan combining life protection and wealth creation

time-read
5 Minuten  |
November 2024
Gunford: Marine Insurance Fraud or Purely Coincidence!!
THE INSURANCE TIMES

Gunford: Marine Insurance Fraud or Purely Coincidence!!

Global Maritime trade is affected hugely by the policies of maritime insurance being followed in various nations. An insurance policy is a contract in which an individual or entity (known as an insured) receives monetary reimbursement against losses, emerging from the occurrence of an event, from an insurance company (known as an insurer), generally in exchange for a premium.

time-read
10+ Minuten  |
November 2024
How various insurtech startups are addressing the challenge of low market penetration in the Indian Life insurance sector
THE INSURANCE TIMES

How various insurtech startups are addressing the challenge of low market penetration in the Indian Life insurance sector

India's life insurance sector, despite being one of the largest markets in the world by population, faces a significant challenge in terms of market penetration. With a penetration rate hovering around 3% of GDP, it's clear that a vast majority of Indians remain either uninsured or underinsured.

time-read
4 Minuten  |
November 2024
Exclusion clauses in Insurance Contract: Enforceability and Interpretation
THE INSURANCE TIMES

Exclusion clauses in Insurance Contract: Enforceability and Interpretation

The terms of the insurance contract require strict construction without eschewing or adding the words in the contract. However, insurers are exempted from any liability where the loss is attributable to an excluded peril specified in the exclusion clause or not mentioned in the covered causes/perils/risks/loss.

time-read
10+ Minuten  |
November 2024
Risk Management 2.0 in the new Gen Z Milieu
THE INSURANCE TIMES

Risk Management 2.0 in the new Gen Z Milieu

I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.

time-read
2 Minuten  |
November 2024
International News
THE INSURANCE TIMES

International News

Growing demand in Europe: Munich Re remains disciplined while further expanding

time-read
5 Minuten  |
November 2024
Life Insurance News
THE INSURANCE TIMES

Life Insurance News

About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.

time-read
6 Minuten  |
November 2024