Marine (Inland and Ocean) News

People

Joseph Tracy was named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. He previously was the head of OneBeacon Insurance’s Inland Marine …

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 …

Business Moves

INSURICA North America Group, a privately held independent insurance agency headquartered in Oklahoma City, is bringing each of its insurance management partners together to form INSURICA, The Insurance Management Network. The company, which is celebrating its 50th anniversary, felt the …

Special Delivery: Added Value with Cargo Insurance

As Cargo Theft Rises, Carriers’ Special Investigative Units Offer Relief A driver pulls into a truck stop, heads inside to shower and eat — and then discovers his fully loaded trailer gone when he returns. A truck disappears from a …

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 …

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. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …

Business Moves

Progressive Progressive said it will begin offering motorcycle and RV insurance in Massachusetts. The Mayfield Village, Ohio-based insurer said it will offer the coverage through its Web site as well as through independent insurance agents. The addition of these coverage …

It Figures

165 The estimated incurred loss ratio for insurers in Texas in 2008 is a record high of 127; the combined loss and expense ratio is 165. Texas Department of Insurance “Texas Homeowners Insurance Loss Data 1992-2008” report puts estimated losses …

Declarations

Frankly Mad “It’s very, very disappointing. I’ve just pretty much run out of patience.” —Oklahoma Insurance Commissioner Kim Holland. Holland said she is “grossly disappointed and frankly mad” about a continuing backlog of more than 200,000 unpaid health insurance claims …

My 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. Child Welfare Organizations Market Detail: Markel Insurance Co. offers agents access to a program for …