Harry Diamond, Celebrating 21 Years at WQIS

Harry Diamond, Vice President and Chief Claims Officer at WQIS, is celebrating 21 years with the company this year. Diamond is a graduate of LaSalle University with Bachelor of Arts degrees in social studies education and history; he also holds an Associate degree in Risk Management.   He began his ... Read More

WQIS Appoints Justin Mongello to Newly Created Role

Q1, 2016 – WQIS, the largest underwriter of pollution liability insurance for marine vessels in the US, has created the new position of Chief Operating Officer and—following an extensive search—has selected Justin A. Mongello to fill that role, as well as that of Senior Vice President. A native of ... Read More

Notice of Change to Limits of Liability Under OPA 90

The United States Coast Guard is issuing a final rule to increase the limits of liability for vessels, deepwater ports, and onshore facilities, under the Oil Pollution Act of 1990, as amended (OPA 90), to reflect significant increases in the Consumer Price Index (CPI). This final rule is effective December ... Read More

WQIS Now Offering COFR Guarantees for the World’s Largest Vessels

The Water Quality Insurance Syndicate (WQIS) has announced that, as of June 5th, 2015, it will significantly increase the limits of its Certificate of Financial Responsibility offering, allowing coverage for the world’s largest vessels and providing an alternative for operators requiring a COFR at the most competitive rates in the market. The New York-based ... Read More

UPDATED: Single-hull Tank Vessel Phase-out

As we have previously advised, vessel owners and operators should be aware that the OPA 90 phase-out deadline for single-hull tank vessels was January 1, 2015. This means that it is now unlawful to operate any single-hull tank vessel subject to the double-hull requirements of 33 CFR part 157 ... Read More

TRIA Extension Passed by Congress

TRIA has been renewed by Congress. The Legislation now goes to the President who is expected to sign it very soon. The key provisions are: 6 year reauthorization; $200 million trigger – no change in 2015, but phased-in the following five years in $20 million  increments; 80-20 public – ... Read More

Single-Hull Tank Vessel Phase-Out

Vessel owners and operators should be aware that the Oil Pollution Act of 1990 (OPA 90) phase-out deadline for single-hull tank vessels is January 1, 2015.  This means that it will be unlawful to operate any single-hull tank vessel subject to the double-hull requirements of 33 CFR part 157 ... Read More