The Marine Insurance Bureau

The Marine Insurance Bureau (MIB) is an organization that helps protect people and companies engaged in maritime activities. It primarily focuses on compensating victims of shipping incidents, especially those involving uninsured vessels. If a ship causes damage or injury and the responsible party doesn’t have insurance, the MIB steps in to cover the costs. This ensures that claimants receive compensation, promoting safety and accountability in maritime operations. The bureau plays a vital role in maintaining trust in maritime commerce by providing a safety net for those affected by maritime accidents.