Cargo News

Canada Eyes Insurance Pollution Fund for Oil-By-Rail Risks

The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said. The …

ACE Introduces Passenger Accident Insurance for Motor Carriers

ACE Group has introduced standalone passenger accident insurance for motor carriers. The coverage provides accidental death and dismemberment and accident medical/dental expense benefit coverage for authorized passengers who are injured while traveling with a driver who is working under the …

Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage

Two of the nation’s largest property/casualty insurer trade associations have weighed in with Illinois lawmakers on the subject of insurance coverage for commercial rideshare companies, saying such companies should be regulated in the same manner as other “for hire” auto …

Competing Bills to Address Safety of Oil Transport In Washington

Washington state lawmakers are considering competing measures that try to address potential risks as more crude oil is shipped by rail into the state. The Senate Ways and Means Committee heard testimony on a mostly Republican-backed bill that would study …

Delta General Adds Moss as Transportation Underwriter

Houston-based Delta General Agency Corp. announced that Craig Moss has joined the property/casualty insurance wholesale broker as senior transportation underwriter. Moss has been in the insurance industry for 17 years, most recently with Brazos Specialty Risk Inc. in Dallas. He …

Ironshore Australia Launches Marine Unit to Cover Fine Art, Specie, Cargo Classes

Ironshore Australia has entered the fine art, specie and cargo insurance sectors in Australia through the creation of a new marine unit. Ironshore’s team will focus on underwriting a range of both static and transit fine art risks for Australian-based …

Gridiron Insurance Underwriters Launches New Inland Marine E-Portal Product

Gridiron Insurance Underwriters, Inc., a program manager that specializes in program business on a regional and national basis through select retail and wholesale producers, will release a new inland marine product called Inland Pro E-Portal on August 20, 2013. The …

Northwest Harvest Food Banks Win in Potato Loss

Washington food banks are benefiting from a business accident involving 46,000 pounds of dehydrated mashed potatoes. After the container filled with the dehydrated potatoes fell off a truck last week on their way to Seattle for shipment to Japan, the …

Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement

Lance Surety Bond Associates, Inc. has launched a new program addressing the $75,000 Freight Broker Bond requirement that will take effect later this year. The Moving Ahead for Progress in the 21st Century Act (MAP 21) transportation reauthorization bill was …

ACE USA Updates Marine Cargo Policy

ACE USA, the U.S.-based retail operations of the ACE Group, has released an updated marine open cargo policy that consolidates multiple coverage components into one form. The updated marine open cargo policy incorporates several coverage endorsements in a single form, …