Recent News

USCG and EPIRB’s save lives.

It was another early Friday morning for the crew of a Coast Guard HC-130 Hercules based out of Coast Guard Air Station Elizabeth City, N.C. Fifty-knot winds roared around the airframe while the crew scoured the dark cauldron of 20-foot seas below for a boat.  Rain lashed the plane, reducing visibility to less than a [...]

Yacht Insurance Fraud Case Outcome

Key Biscayne tycoon Nicolas Estrella on Tuesday gave up on his increasingly difficult claim to collect $3 million for the loss of his sunken yacht off the Bahamas more than three years ago. Estrella’s lawyers informed U.S. District Judge Kathleen Williams that they were voluntarily dropping his lawsuit against Federal Insurance Co. because of their [...]

America’s Cup – Team Oracle USA capsizes

Oracle Team USA, defender of the 34th America’s Cup, suffered a major setback Tuesday after its $8-million AC72 racing catamaran capsized during training in San Francisco Bay. Nobody was injured during the dramatic event, which occurred in gathering winds near the Golden Gate Bridge. Damage to the 72-foot vessel, which was swept into the Pacific [...]

Yacht Insurance Fraud Case

A Miami boat captain has been arrested on a first-degree grand theft charge for allegedly sinking a $1.86 million yacht in 2009 off the Bahamas. Florida Chief Financial Officer Jeff Atwater announced the arrest of Robert Figueredo by detectives from the Florida Department of Financial Services Division of Insurance Fraud (DIF). “There is no such [...]

Luxury Yacht Coverage

KSA Marine Insurance has a great package for private Yachts valued from $250,000 to $50 million.  Coverage highlights inlcude: – Jones Act for captain & crew – extensive navigational limits – waive and reduced deductibles – favorable depreciation terms – expenses incurred for substitute yachts Call or email KSA Marine Insurance for a free quote.  [...]