Marine (Inland and Ocean) News

Declarations

Unfinished Work “This continuing decline in highway deaths is encouraging, but our work is far from over.” —National Highway Traffic Safety Administrator David Strickland says the federal agency wants to see fatality rates drop further. The number of overall traffic …

It Figures

1,018 The number of grants South Carolina has awarded to coastal homeowners who have taken steps to shield their homes against hurricane winds the past two years. Insurance Commissioner Scott Richardson said that the SC Safe Home Program has awarded …

Focus on Florida Surplus Lines

Florida Surplus Lines Premiums/Policy Count 2009 2009 2008 2007 2006 2005 Aggregate Premium $3.8 billion $4.2 billion $4.8 billion $4.7 billion $3.7 billion Policy Count 682,221 724,158 745,714 789,101 781,111 Top Florida Surplus Lines Coverages by Premium Amount in 2009 …

E&O Insights: Personal Lines Accounts

Uncover Inland Marine Exposures for Protection and Sales Opportunities Although heavy personal lines accounts are generally more favorable from an errors and omissions (E&O) standpoint, there is no doubt the potential for some significant claim activity — both in frequency …

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. Outbreak Extra Expense Market Detail: American Underwriting Managers offers a product designed to provide businesses …

Pre-2007 CGL Covers ‘Blast’ Faxes, Rules Florida High Court

Commercial general liability (CGL) insurance policies generally cover liability for unsolicited “blast faxes” that violate federal law, a Florida court has ruled. The Supreme Court of Florida issued its ruling Jan. 28 in a case involving a 2003 CGL policy …

One Person’s View: 7 Wonders of P/C Insurance History

What events have shaped the modern insurance landscape? Which ideas, innovations and accidents stand out as landmarks in the development and growth of this most important industry known as insurance? Following is one person’s opinion of the seven wonders of …

Young Agents Survey

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 of young insurance agents say they consider insurance …

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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

It Figures

4.2 Million Number of vehicles recalled worldwide by Toyota Motor Corp., prompted by sticky gas pedals, a problem the automaker says is rare and caused by condensation that builds up in the gas pedal assembly. The problem, first announced in …