Insurance Journal » Marine (Inland and Ocean) http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 24 Oct 2014 21:43:30 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Canada Eyes Insurance Pollution Fund for Oil-By-Rail Risks http://www.insurancejournal.com/news/international/2014/09/23/341335.htm Tue, 23 Sep 2014 10:16:19 +0000 http://www.insurancejournal.com/?p=341335 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 …

The article Canada Eyes Insurance Pollution Fund for Oil-By-Rail Risks appeared first on Insurance Journal.

]]>
ACE Introduces Passenger Accident Insurance for Motor Carriers http://www.insurancejournal.com/news/national/2014/03/28/324725.htm Fri, 28 Mar 2014 16:51:43 +0000 http://www.insurancejournal.com/?p=324725 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 …

The article ACE Introduces Passenger Accident Insurance for Motor Carriers appeared first on Insurance Journal.

]]>
Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage http://www.insurancejournal.com/news/midwest/2014/03/16/323464.htm Mon, 17 Mar 2014 02:18:29 +0000 http://www.insurancejournal.com/?p=323464 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 …

The article Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage appeared first on Insurance Journal.

]]>
Competing Bills to Address Safety of Oil Transport In Washington http://www.insurancejournal.com/news/west/2014/02/12/320286.htm Wed, 12 Feb 2014 17:09:34 +0000 http://www.insurancejournal.com/?p=320286 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 …

The article Competing Bills to Address Safety of Oil Transport In Washington appeared first on Insurance Journal.

]]>
Delta General Adds Moss as Transportation Underwriter http://www.insurancejournal.com/news/southcentral/2013/12/16/314635.htm Mon, 16 Dec 2013 20:20:24 +0000 http://www.insurancejournal.com/?p=314635 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 …

The article Delta General Adds Moss as Transportation Underwriter appeared first on Insurance Journal.

]]>
Ironshore Australia Launches Marine Unit to Cover Fine Art, Specie, Cargo Classes http://www.insurancejournal.com/news/international/2013/11/19/311703.htm Tue, 19 Nov 2013 17:34:38 +0000 http://www.insurancejournal.com/?p=311703 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 …

The article Ironshore Australia Launches Marine Unit to Cover Fine Art, Specie, Cargo Classes appeared first on Insurance Journal.

]]>
Gridiron Insurance Underwriters Launches New Inland Marine E-Portal Product http://www.insurancejournal.com/news/national/2013/08/14/301708.htm Wed, 14 Aug 2013 16:39:45 +0000 http://www.insurancejournal.com/?p=301708 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 …

The article Gridiron Insurance Underwriters Launches New Inland Marine E-Portal Product appeared first on Insurance Journal.

]]>
Northwest Harvest Food Banks Win in Potato Loss http://www.insurancejournal.com/news/west/2013/08/13/301576.htm Tue, 13 Aug 2013 16:00:48 +0000 http://www.insurancejournal.com/?p=301576 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 …

The article Northwest Harvest Food Banks Win in Potato Loss appeared first on Insurance Journal.

]]>
Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement http://www.insurancejournal.com/news/national/2013/07/19/299121.htm Fri, 19 Jul 2013 16:16:26 +0000 http://www.insurancejournal.com/?p=299121 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 …

The article Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement appeared first on Insurance Journal.

]]>
Tower Group International Enters Marine and Energy Market http://www.insurancejournal.com/news/international/2013/07/09/297873.htm Tue, 09 Jul 2013 16:34:03 +0000 http://www.insurancejournal.com/?p=297873 Tower Group International, Ltd. has entered into the marine and energy insurance market. Tower’s new marine and energy team will be led by Tom Guarnera and Jeff Kaufmann, who are joining Tower from the U.S. office of ANV Holdings BV, …

The article Tower Group International Enters Marine and Energy Market appeared first on Insurance Journal.

]]>
ACE USA Updates Marine Cargo Policy http://www.insurancejournal.com/news/national/2013/05/28/293320.htm Tue, 28 May 2013 10:00:21 +0000 http://www.insurancejournal.com/?p=293320 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, …

The article ACE USA Updates Marine Cargo Policy appeared first on Insurance Journal.

]]>
XL Group Launches New Motor Cargo Truck Coverage http://www.insurancejournal.com/news/national/2013/05/21/292802.htm Tue, 21 May 2013 16:19:45 +0000 http://www.insurancejournal.com/?p=292802 XL Group has added to its inland marine business with customizable coverage for mid-to-large size trucking operations in North America. Motor truck cargo coverage solutions includes flexible limits on 23 additional coverages, 22 optional endorsements, multiple reporting options and payment …

The article XL Group Launches New Motor Cargo Truck Coverage appeared first on Insurance Journal.

]]>
Report: Ship Crew Ignored Warnings Before Hitting Kentucky Bridge http://www.insurancejournal.com/news/southeast/2013/05/16/292189.htm Thu, 16 May 2013 13:48:25 +0000 http://www.insurancejournal.com/?p=292189 The pilot and crew members aboard a cargo ship had reservations about the boat’s course shortly before it struck a bridge over the Tennessee River, but no one stepped up to check written or electronic charts against what they were …

The article Report: Ship Crew Ignored Warnings Before Hitting Kentucky Bridge appeared first on Insurance Journal.

]]>
Liberty International Launches Marine Business Owner Policy http://www.insurancejournal.com/news/national/2013/05/16/292117.htm Thu, 16 May 2013 10:00:04 +0000 http://www.insurancejournal.com/?p=292117 Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed to cover marine liability and property related risks for small and mid-size marine businesses owners and operators. The new policy, …

The article Liberty International Launches Marine Business Owner Policy appeared first on Insurance Journal.

]]>
Trinity Underwriting Managers Launches New Inland Marine Program http://www.insurancejournal.com/news/national/2013/05/09/291354.htm Thu, 09 May 2013 10:00:47 +0000 http://www.insurancejournal.com/?p=291354 Georgia-based program administrator Trinity Underwriting Managers, Inc. (TUMI) has expanded its commercial auto underwriting capabilities. TUMI recently established a relationship with an “A+” rated carrier in which it underwrites a wide array of inland marine coverages including, but not limited …

The article Trinity Underwriting Managers Launches New Inland Marine Program appeared first on Insurance Journal.

]]>
INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network http://www.insurancejournal.com/news/international/2013/04/29/290134.htm Mon, 29 Apr 2013 16:36:14 +0000 http://www.insurancejournal.com/?p=290134 INTTRA, a global multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks, via INTTRA’s e-commerce platform. INTTRA members can elect to purchase cargo …

The article INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network appeared first on Insurance Journal.

]]>
Crum & Forster to Offer DriveCam Services to Policyholders http://www.insurancejournal.com/news/national/2013/04/23/289496.htm Tue, 23 Apr 2013 16:56:19 +0000 http://www.insurancejournal.com/?p=289496 Crum & Forster (C&F) will now offer DriveCam’s managed services to its policyholders as part of C&F’s loss control/safety management services. DriveCam addresses safety by combining data and video analytics with real-time driver feedback and coaching, resulting in reductions in …

The article Crum & Forster to Offer DriveCam Services to Policyholders appeared first on Insurance Journal.

]]>
Aspen US Forms New Marine, Energy, Construction Unit http://www.insurancejournal.com/news/national/2013/04/10/287884.htm Wed, 10 Apr 2013 15:31:38 +0000 http://www.insurancejournal.com/?p=287884 Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has formed a specialty marine, energy and construction unit within its US Insurance business, led by Anthony S. Carroll who has been named executive vice president. The unit complements Aspen …

The article Aspen US Forms New Marine, Energy, Construction Unit appeared first on Insurance Journal.

]]>
KF&B Launches New Bus Program http://www.insurancejournal.com/news/national/2013/04/05/287348.htm Fri, 05 Apr 2013 10:00:16 +0000 http://www.insurancejournal.com/?p=287348 Wholesaler KF&B, Inc. has launched a new auto liability program for buses with up to $5 million in liability limits. The program is available in all 50 states through admitted carrier ProSight Specialty Insurance. It is designed for charter, sightseeing, …

The article KF&B Launches New Bus Program appeared first on Insurance Journal.

]]>
Transportation Intermediaries Association to offer CargoNet Services http://www.insurancejournal.com/news/national/2013/03/26/286133.htm Tue, 26 Mar 2013 16:49:08 +0000 http://www.insurancejournal.com/?p=286133 Verisk Crime Analytics has formed an agreement between its CargoNet division and the Transportation Intermediaries Association (TIA) to help TIA members reduce cargo theft risk. Verisk Crime Analytics is a unit of Verisk Analytics. CargoNet will assist TIA in collecting …

The article Transportation Intermediaries Association to offer CargoNet Services appeared first on Insurance Journal.

]]>
Arkansas River Barge Operators Fear Impact of Cuts on Business http://www.insurancejournal.com/news/southcentral/2013/03/19/285145.htm Tue, 19 Mar 2013 16:36:43 +0000 http://www.insurancejournal.com/?p=285145 Businesses that rely on barge traffic on the 440-mile McClellan-Kerr Arkansas River Navigation System to move fertilizer, grain and other commodities are raising concerns about looming federal budget cuts’ effects on shipping. The U.S. Army Corps of Engineers operates locks …

The article Arkansas River Barge Operators Fear Impact of Cuts on Business appeared first on Insurance Journal.

]]>
AIG Expands NextGen Product to Transportation, Logistics Industry http://www.insurancejournal.com/news/national/2013/02/28/283154.htm Thu, 28 Feb 2013 17:55:23 +0000 http://www.insurancejournal.com/?p=283154 The American International Group (AIG) insurers have expanded their NextGen Protection suite of products with the release of PLL Transportation and Logistics Protect. PLL Transportation and Logistics Protect is specifically designed for clients who transport, or arrange transport for, both …

The article AIG Expands NextGen Product to Transportation, Logistics Industry appeared first on Insurance Journal.

]]>
Mississippi Rock Blasting Puts River in Ship Shape http://www.insurancejournal.com/news/midwest/2013/01/14/277270.htm Mon, 14 Jan 2013 06:01:36 +0000 http://www.insurancejournal.com/?p=277270 Crews have completed the most critical phase of removing bedrock that threatened barges along a crucial stretch of the drought-starved Mississippi River, staving off the shipping industry’s fears that the treacherous channel could close to traffic, the U.S. Army Corps …

The article Mississippi Rock Blasting Puts River in Ship Shape appeared first on Insurance Journal.

]]>
Integro to Provide CargoNet Membership to Transportation Clients http://www.insurancejournal.com/news/national/2013/01/09/276794.htm Wed, 09 Jan 2013 17:17:36 +0000 http://www.insurancejournal.com/?p=276794 Verisk Crime Analytics has formed a strategic alliance between its CargoNet division and insurance brokerage and risk management firm Integro Insurance Brokers to support the cargo theft prevention efforts of Integro’s domestic Property Broker and Forwarder clients. Verisk Crime Analytics …

The article Integro to Provide CargoNet Membership to Transportation Clients appeared first on Insurance Journal.

]]>
National Interstate Launches New Waste Operations Program http://www.insurancejournal.com/news/national/2013/01/04/276044.htm Fri, 04 Jan 2013 16:09:37 +0000 http://www.insurancejournal.com/?p=276044 National Interstate Insurance Co., a provider of transportation insurance, is launching a new insurance program targeted for waste operations. The company is now accepting applications for accounts with effective dates of February 1, 2013 and beyond, marketing the program through …

The article National Interstate Launches New Waste Operations Program appeared first on Insurance Journal.

]]>
National Interstate Launches New Fuel Distribution Insurance Program http://www.insurancejournal.com/news/midwest/2013/01/03/275807.htm Thu, 03 Jan 2013 06:30:33 +0000 http://www.insurancejournal.com/?p=275807 National Interstate Insurance Co., a Richfield, Ohio-based provider of transportation insurance, announced that effective Jan. 1, 2013, it will complement its long-standing captive fuel distribution business by offering a new traditional insurance program. The new fuel distribution program will focus …

The article National Interstate Launches New Fuel Distribution Insurance Program appeared first on Insurance Journal.

]]>
Commercial Lines Rates Up 5% in November: MarketScout http://www.insurancejournal.com/news/national/2012/12/06/273005.htm Thu, 06 Dec 2012 16:52:48 +0000 http://www.insurancejournal.com/?p=273005 The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout’s Commercial Lines Market Barometer, by coverage classification, property, excess liability, general …

The article Commercial Lines Rates Up 5% in November: MarketScout appeared first on Insurance Journal.

]]>
Indiana Truck Driver Logs 3 Million Miles of Safety http://www.insurancejournal.com/news/midwest/2012/11/29/272208.htm Thu, 29 Nov 2012 17:41:51 +0000 http://www.insurancejournal.com/?p=272208 The distance around the Earth at the equator is 24,901 miles. By Kokomo, Ind.-based truck driver Richard Batt’s estimate, he could have driven around the planet nearly 24,100 times. And he would have done it all in a semi without …

The article Indiana Truck Driver Logs 3 Million Miles of Safety appeared first on Insurance Journal.

]]>
NTSB: Pilot Caused Houston Ship Channel Collision http://www.insurancejournal.com/news/southcentral/2012/09/27/264656.htm Thu, 27 Sep 2012 16:39:33 +0000 http://www.insurancejournal.com/?p=264656 Federal investigators have concluded that pilot error caused the collision of a chemical tanker with a containership in the Houston Ship Channel in October 2011. The National Transportation Safety Board said in a statement released Sept. 25 that the collision …

The article NTSB: Pilot Caused Houston Ship Channel Collision appeared first on Insurance Journal.

]]>
Common Type of Rail Car Has Dangerous Design Flaw http://www.insurancejournal.com/news/national/2012/09/13/262970.htm Thu, 13 Sep 2012 16:14:53 +0000 http://www.insurancejournal.com/?p=262970 For two decades, one of the most commonly used type of rail tanker has been allowed to haul hazardous liquids from coast to coast even though transportation officials were aware of a dangerous design flaw that almost guarantees the car …

The article Common Type of Rail Car Has Dangerous Design Flaw appeared first on Insurance Journal.

]]>