Marine (Inland and Ocean) News

AIG Expands NextGen Product to Transportation, Logistics Industry

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 …

Mississippi Rock Blasting Puts River in Ship Shape

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 …

Integro to Provide CargoNet Membership to Transportation Clients

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 …

National Interstate Launches New Waste Operations Program

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 …

National Interstate Launches New Fuel Distribution Insurance Program

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 …

Commercial Lines Rates Up 5% in November: MarketScout

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 …

Indiana Truck Driver Logs 3 Million Miles of Safety

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 …

NTSB: Pilot Caused Houston Ship Channel Collision

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 …

Common Type of Rail Car Has Dangerous Design Flaw

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 …

Jones Joins Alliant Insurance Services in Houston

Newport Beach, Calif.-based specialty insurance brokerage firm, Alliant Insurance Services, announced that Jerry D. Jones has joined the company’s Energy and Marine Group in Houston as senior vice president. With 16 years of brokerage and risk management experience, Jones comes …