Import/Export News

AIR Provides AXIS with Integrated Cat Model w/ Risk Management

AIR Worldwide announced that it has integrated catastrophe modeling with risk management and reinsurance underwriting systems for AXIS, a Bermuda-based global provider of specialty lines insurance and treaty reinsurance. “AIR’s Integration Solution provides an interface between our portfolio management system …

As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises

Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. …

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. Products Liability for Roller Coasters and Rides Market Detail: MarketScout offers agents access to products …

Marine Cargo Insurance for Small to Mid-Size Businesses Doesn’t Have to Sink the Ship

Importers and exporters that ship only a modest volume of goods do not have to settle for the often pricey or inadequate marine cargo insurance that is available from freight forwarders — the usual source of this kind of coverage …

On the Road to Latin American Opportunity

As a large region with solid prospects for long-term growth, Latin America continues to gain in popularity as a market for many U.S. companies. Exporters to this region, however, can face significant challenges when it comes to getting their goods …

Consumer Advocates Wary of Federal Insurance Regulation Plans

Some of the nation’s insurance consumer advocates are wary of current proposals for federal regulation of insurance being passed around in Washington. They prefer taking their chances with an imperfect state regulatory system over what they fear would likely emerge …

Brownyard Group Enhances Cosmetic Manufacturers’ Program

The Brownyard Group has added a new property endorsement to its Foundation program, an insurance program designed for cosmetic manufacturers, distributors and importers. The new endorsement broadens the program’s property coverage and eliminates its co-insurance. “The new property endorsement enhances …

Liaisons Highlight Consumer Insurance Concerns

Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in …

Guernsey Welcomes ‘White Listing’

The Channel Island of Guernsey, a major captive domicile, has welcomed its ‘white listing’ by the OECD as a result of the G20 summit in London. Chief Minister Lyndon Trott said that the Island’s inclusion on a white list with …

WTO’s Lamy Urges Doha Deal to Help Fight Financial Crisis

World leaders should make early efforts to conclude the Doha round of global trade talks as a key part of fighting the economic crisis, the head of the World Trade Organization (WTO) said on Friday. In an interview with Reuters …