Marine (Inland and Ocean) News

Bill to Make Highways Safer on Fast Track in Missouri Senate

Legislation is on a fast track in the Missouri Senate to make the state comply with federal standards for commercial truckers and drunken driving sentences in an effort to avoid penalties that could dock tens of millions of federal road …

All Risks Ltd. Set to Offer New Market for Charter Buses

All Risks Ltd. has obtained a new market for charter bus companies of all sizes effective Jan. 1, 2012. The coverage will be available through the company’s York, Penn.-based livery unit, which will serve as the program administrator. The carrier …

Lawmakers Block Safety Rules for Lithium Battery Shipments

Lawmakers responded to pleas from industry and foreign governments on Friday with a tentative agreement to block the Obama administration from requiring that air shipments of lithium batteries be treated as hazardous cargo because of the danger of fires during …

Perrotti Named Senior VP in XL’s Marine Insurance Unit

The marine insurance unit at XL Group plc has added Michael Perrotti as senior vice president, marine field operations. He is based in Cleveland, Ohio. Perrotti joins XL from Zurich North America where he managed the expansion of the company’s …

Texas DPS: More than 66K Unsafe Commercial Vehicles Sidelined This Year

Since the beginning of the year, Texas public safety officers have removed more than 66,000 unsafe commercial vehicles and more than 12,000 unsafe commercial drivers from the state’s roadways, the Department of Public Safety reports. Texas Department of Public Safety …

Five Star Specialty Launches Breakdown Service for Bus, Waste Hauler Vehicles

Five Star Specialty Programs, a division of Crump Insurance Services, Inc., and part of Crump Group, Inc., has launched a new breakdown service to buses and waste hauler vehicles insured through 5Star, the exclusive facility for this new service. RoadsideMASTERS …

AIMU Updates Pollution Exclusion Clause, Buy-Back Endorsement

An amended pollution exclusion clause and buy-back endorsement which retains original coverage while modernizing and clarifying wording has been developed by the American Institute of Marine Underwriters (AIMU). The updated pollution exclusion clause (P&I) and buy-back endorsement A clauses provide …

The Aftershocks of Vulnerable Supply Chains

The massive earthquake and tsunami that hit Japan in March has led to supply chain disruptions around the world, sending a wakeup call to companies that do not have viable business continuity plans in place for themselves and their suppliers. …

National Interstate Enters Ambulance Insurance Market

National Interstate Insurance Co., a provider of transportation insurance, has entered the ambulance insurance market through a relationship with McNeil & Company, Inc.. The Ambulance Services Insurance Program (ASIP) is an insurance product created specifically for emergency and non-emergency medical …

Study: High Gas Prices Lead to Fewer Auto Accidents

As gasoline prices reach $4 a gallon throughout the nation, pain at the pump seems to have at least one silver lining for drivers and insurers. The rising cost of gas also drives a decline in all traffic accidents, including …