Marine (Inland and Ocean) News

Upgrades Urged at Missouri Amtrak Crash Site, But No Action

The chief elected official in the Missouri county where an Amtrak train slammed into a dump truck said Tuesday that residents and county leaders have been pushing for a safety upgrade at the railroad crossing for nearly three years. Meanwhile, …

Buttigieg Sends $5 Billion to Cities for Safety as Road Deaths Soar

With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters …

Andrew Baker Expands Transportation Capabilities at Breckenridge Insurance Services

IRVING, Texas, June 8, 2021 — Breckenridge Insurance Services hired experienced transportation broker Andrew Baker, AAI, AU, TRS to expand its transportation carrier relationships and partner with agents nationally. Baker has more than a decade of transportation underwriting experience and …

Specialty Broker NARDAC Launches in California

Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly specialized offerings to serve the renewable energy, conventional power, infrastructure …

International Marine Underwriters Adds Cyber Coverage to Marine Policies

International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of intrusion or interference with computer systems, damage to …

Iowa Researchers Say Big Data May Be Answer to Improve Trucking Safety

Helping drivers avoid congestion would increase productivity and improve safety, according to a team of Iowa State University and industry researchers, who believe a solution is using big data technology. The challenge is finding the most effective way to share …

BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W

Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team of marine specialists,” said John Evans, …

International Shipping Lanes Could Be at Risk from Escalating Yemen Conflict

Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say. While shipping companies have …

Marine Crimes in SE. Asia at Highest Level in Years: Dryad Maritime Study

In its latest report for the third quarter of 2015 Dryad Maritime, the UK’s maritime intelligence company, found that global maritime crime is showing “a stark rise of 38 percent of incidents across Southeast Asia,” compared to the first nine …

Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P

Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we expect most of the affected …