Marine (Inland and Ocean) News

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, …

XL Group Launches New Motor Cargo Truck Coverage

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 …

Report: Ship Crew Ignored Warnings Before Hitting Kentucky Bridge

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 …

Liberty International Launches Marine Business Owner Policy

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, …

Trinity Underwriting Managers Launches New Inland Marine Program

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 …

INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network

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 …

Crum & Forster to Offer DriveCam Services to Policyholders

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 …

Aspen US Forms New Marine, Energy, Construction Unit

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 …

KF&B Launches New Bus Program

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, …

Transportation Intermediaries Association to offer CargoNet Services

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 …