American marine underwriters are losing hundreds of millions in dollars because of restrictive measures by foreign governments that impede free competition in the marine cargo insurance market. During recent years, the problems of U.S. marine insurers have been particularly highlighted because of the intransigence of the Soviet Union which, through emerging as a major trading partner, has steadfastly refused to come to an agreement with U.S. marine underwriters. The president of the American Institute of Marine Underwriters, explains in this interview how other countries are being encouraged by the Soviet position and how they are getting bolder because of inaction by the U.S. Government. While still expressing the width for a commercial solution to the problem, he then analyzes the possibility of official U.S. retaliatory action under the Trade Act of 1974. Also included is a list of countries having restrictive laws or regulations that prevent outside purchase of marine insurance coverage.

  • Corporate Authors:

    Intermodal World

  • Authors:
    • Felice, M
  • Publication Date: 1977-11-15

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00167779
  • Record Type: Publication
  • Source Agency: Intermodal World
  • Files: TRIS
  • Created Date: Jan 30 1978 12:00AM