<p>My husband’s company ships lots of cargo from China to the USA (he’s not in shipping but is a customer of a shipping company). I’m not sure which company he uses, but he told me that the person who owns the cargo, ie, his company has to pay for insurance for the cargo shipped, so it seems to me that the shipping company is off the hook for insurance claims for lost or damaged cargo, at least that’s the way he explained it to me :)</p>