The "Bermuda Triangle" or "Devil's Triangle" is an imaginary area located off the southeastern Atlantic coast of the United States of America, which is noted for a supposedly high incidence of unexplained disappearances of ships and aircraft. The apexes of the triangle are generally believed to be Bermuda; Miami, Florida; and San Juan, Puerto Rico. The US Board of Geographic Names does not recognize the Bermuda Triangle as an official name. The US Navy does not believe the Bermuda Triangle exists. It is reported that Lloyd's of London, the world's leading market for specialist insurance, does not charge higher premiums for vessels transiting this heavily traveled area.