Marine (Inland and Ocean) News

S&P Reports Outlook for Int’l. Marine P&I Clubs is Stable

“The outlook for the international marine protection & indemnity (P&I) industry is looking stable, with all clubs in 2010 reporting a post-tax surplus for the first time since 1998,” said a bulletin from Standard & Poor’s Ratings Services. It also …

Munich Re Marine Head Warns Against Arms Race to Combat Pirates

Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding snipers and other armed teams costing up to …

RISC Inc. Adds Vice President of Transportation

Dallas-based RISC Inc. has added Joe de Poo as vice president in its Transportation Department. De Poo has more than 25 years of insurance industry experience, most of which has been dedicated to Commercial Transportation. He began his insurance career …

What Did One Car Say to the Other Car?

“Hey, Honda Civic, my friend, stay in your lane. This is a friendly message from the Ford Focus to your right.” “Well hello there, Ms. Lexus. How about letting up on the gas a bit? It’s dark and the roads …

Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed

Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some infrastructure could take years to repair, authorities said on Friday. The floods have swamped mines in Queensland State, paralyzing operations …

Big Drop in Road Deaths Tied to Recession, Seat Belts

Air bags and the economic recession have contributed to the biggest drop in road deaths in the United States since World War II, U.S. researchers said Tuesday. Changes in driving patterns and safety features both contributed to a 22 percent …

12 Days of Riskmas: An Insurance Broker’s Story

In giving her Christmas gifts for 12 straight days, a true love inspires his girlfriend to build a whole new life. It’s a joyful story for the holidays but one that comes with risks. According to the popular Christmas carol, …

12 Days of Riskmas: An Insurance Broker’s Story

In giving her Christmas gifts for 12 straight days, a true love inspires his girlfriend to build a whole new life. It’s a joyful story for the holidays but one that comes with risks. According to the popular Christmas carol, …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Valet Parking Companies Market Detail: Alliant Speciality Insurance Services offers errors & omissions, garage liability, …

Young Agents Survey:

Why Young Agents Stand by Their Career Choice Most enter the insurance business by accident but for young independent insurance agents, the decision to stick with insurance as a permanent career is a matter of choice. A healthy 84 percent …