Marine (Inland and Ocean) News

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 …

Declarations

Share the Road Safely “We want the drivers of big rigs and buses and those who share the roads with them to be safe.” —Transportation Secretary Ray LaHood announcing a U.S. government ban on “texting” by drivers of commercial trucks …

Declarations

More Straight-Line Winds Ahead “Based on what we know about the potential patterns of climate change, we expect severe storm activity to increase in Texas and the Midwest, including higher activity of straight-line winds with potentially damaging effects.” —Dr. Harold …

People

Excess and surplus lines wholesale broker Maclean Oddy & Associates Inc. appointed Stan Ackerman senior vice president and manager of the property division in its Houston office, and Nancy Self vice president and producer in Dallas. Both report to Maclean …

Declarations

Share the Road Safely “We want the drivers of big rigs and buses and those who share the roads with them to be safe.” —U.S. Transportation Secretary Ray LaHood announced recently that the U.S. government has banned hand-held “texting” by …

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. Public Officials Liability Market Detail: Apogee Insurance Group a Berkshire Hathaway Group offers agents access …

Declarations

Arson Arrest “When I heard the name, I was blown away. He’s a good kid and it’s a bit sad to see his name dropped in the papers.” —Ben Lombardi, neighbor of Anthony Baye, the man accused of a rash …

It Figures

1,650 The number of policies on North Carolina’s barrier islands that State Farm officials told regulators it will drop as part of its effort to reduce its coastal exposure. Customers can expect to receive a notice that their policy expiring …

Why Carriers Invest in Education

Carriers Say Benefits in Producer Sales Education Well Worth the Investment For years, many insurance companies prided themselves on running successful producer training programs for the independent agents who represented them. Over time, some of these programs have fallen victim …

People

New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek Bucciferro to senior underwriter. He has 10 …