Marine (Inland and Ocean) News

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 …

It Figures

$25 Million Amount to be paid by Exxon Mobil Corp as part of a settlement to clean up a decades-old oil spill in New York City. The settlement requires Exxon to conduct a comprehensive cleanup of its Greenpoint facility in …

Business Moves

NSM, Ideal Philadelphia-based program administrator NSM Insurance Group has acquired IDEAL Marine Insurance, a Chicago-based is a program specialist focused on non-construction, ocean and inland marine risks. Geof McKernan, CEO of NSM, said the company is “aggressively seeking specialty underwriting …

Employers With Foreign Labor Face Increased Liability

Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce due to the “dirty” or menial nature of certain …

Report: New Jersey Motorcycle Deaths Drop

A new report shows a drop in deaths from motorcycle accidents in New Jersey – a change that’s good news for both riders and safety advocates. Overall, 68 people died in motorcycle crashes across the Garden State last year, says …