Transportation, Cargo, Marine (Inland and Ocean) News

Trendy e-Scooters for Transportation Seized in Northern California

San Francisco has pulled the plug on electric scooters that authorities say were blocking sidewalks and building entrances. The San Francisco Chronicle reported that Public Works inspectors impounded about 66 scooters last week. The crackdown comes about two weeks after …

Verret Joins Worldwide Facilities in Chicago Sr. Vice President

National wholesale insurance brokerage and managing general agent Worldwide Facilities has announced that Brad Verret joined its Chicago office as a senior vice president specializing in transportation. Verret began his career in 2003 when he joined CRC Dallas. He moved …

California Company Has Marijuana License, But Its Workers Still Arrested

The confusing rollout of marijuana regulations in California has been underscored in Mendocino County, where local authorities licensed a company to deliver pot only to have state police arrest two employees who were trying to do just that with nearly …

Houston Metro Continues to Wrestle with Rail Safety

Collisions remain a constant along the Metro’s light rail track despite a monthslong effort to improve rail safety in the Houston, Texas area. The Metropolitan Transit Authority logged November as its second-worst month for train crashes in more than a …

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 …

GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs

GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers mono-line commercial auto policies through Falls Lake. GMI …

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 …

A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast

As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor …

Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI

The explosions that recently devastated the Port of Tianjin highlight the danger of accumulation risks – when a single event causes an exceptionally large group of related losses, said the International Union of Marine Insurance (IUMI). IUMI President Dieter Berg …