Prøve GULL - Gratis
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.
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.
Denne historien er fra September 2024-utgaven av THE INSURANCE TIMES.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA THE INSURANCE TIMES
THE INSURANCE TIMES
Epigenetic Clocks as Predictors of Mortality: A New Tool for Life Insurance Risk Stratification
Numerous cohort studies have validated the utility of epigenetic clocks in predicting all-cause mortality. For instance, accelerated epigenetic aging, where biological age exceeds chronological age, has been consistently associated with increased mortality risk (Marioni et al., 2015).
5 mins
November 2025
THE INSURANCE TIMES
Life Insurance News
Life insurers cut distributor commissions to pass on GST relief to customers
7 mins
November 2025
THE INSURANCE TIMES
Insurance Regulator Update
Irdai's Deepak Sood calls for new distribution model to expand rural insurance reach
2 mins
November 2025
THE INSURANCE TIMES
Evaluating the Impact of the New Tax Regime on Motor Accident Compensation Awards
In India, compensation awarded under the Motor Vehicles Act majorly depends upon the income of the deceased (claimant- in case of injury), age and dependency. Since the compensation is calculated based on loss of income after the accident, it increases as the income rises.
4 mins
November 2025
THE INSURANCE TIMES
A Comprehensive Risk Management Framework for the Insurance Industry
In the insurance industry, risk is not merely a challenge to overcome; it is the very commodity we trade. Therefore, a robust and sophisticated risk management framework is not just a matter of good governance but a core strategic imperative. It is the bedrock upon which an insurer builds its solvency, ensures compliance with a complex regulatory landscape, and ultimately achieves sustainable, long-term growth.
13 mins
November 2025
THE INSURANCE TIMES
"The overall industry seems to have understood the need to change the attitude from selling what it has to what the customer needs. This realization has led to the development of add-ons and modular products which are quite flexible in nature."
About Mr. Lahiri - Mr. Samiran Lahiri is widely regarded as one of India's most accomplished insurance professionals and consultants, known for his strategic insight, deep technical acumen, and exemplary leadership across diverse domains of the insurance and financial services industry.
11 mins
November 2025
THE INSURANCE TIMES
Parametric Insurance - A Disruptive Model for Climate and Catastrophe Risk Management
Executive Summary - Traditional indemnity-based insurance models have long faced challenges in addressing the growing frequency and severity of natural disasters.
5 mins
November 2025
THE INSURANCE TIMES
Safety Perspectives - The Greatest Happiness of Greatest Number
The salvage dealer has many things to pay for, many expenses such as transportation, electricity, rent, employee salaries, machinery, and more. Hence, the salvage dealer would certainly offer a daily prayer: 'Dear God, please bless me with at least 50 salvage cases today and every day'. He wants 50 accident cases every day! There is no harm in his prayer. It is perfectly logical on his part to pray.
7 mins
November 2025
THE INSURANCE TIMES
Do's and Don'ts While Buying a Term Insurance Policy
Do’s (Things You Must Do)
4 mins
November 2025
THE INSURANCE TIMES
Newton's Law - Another interpretation of Proximate Cause
The fire policy we know doesn't cover any loss or damage occasioned by, through, or in consequence of, directly or indirectly, an earthquake, volcanic eruption, or other convulsions of nature. An earthquake is an excluded peril, but loss by theft is an uninsured peril( other than as provided in the RSMDT clause).
7 mins
November 2025
Listen
Translate
Change font size
