Marine (Inland and Ocean) News

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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

People

Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer. Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure management. Prior to joining Narragansett Bay, Talerico worked as senior …

Declarations

Buckle Up “There is an obvious correlation between safety belt use and the fatality rate.” —Illinois State Police Director Larry G. Trent comments on the announcement on July 15 that the number of motorists and front seat passengers who buckle …

People

Colemont Insurance Brokers promoted Matt Carpenter to assistant vice president in the company’s Chicago office. Carpenter joined Colemont in 2002, specializing in brokering casualty lines. His expertise has since expanded to include transportation, products liability, umbrella/excess, contracting-risks and program business. …

Road Danger: Thousands of Medically Unfit Commercial Drivers Still Trucking on U.S. Roads

Hundreds of thousands of tractor-trailer and bus drivers in the United States carry commercial driver’s licenses despite also qualifying for full federal disability payments, and some of those drivers have suffered seizures, heart attacks or unconscious spells, according to a …

Reducing the Risk in Florida Surplus Lines

Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for insureds if their admitted insurer goes belly-up. But …

People

The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated with running the Professional Insurance Agents Political Action Committee, including …

Iowa Agents in Flooded Areas Meet the Challenges

Well Thought Out Disaster Plans Make the Difference Midwest agents with offices located in flooded areas are facing the challenge of “staying afloat,” so to speak, during the devastation of what some have called the 500-year flood event. Iowa has …

IIAT Names Award Winners, Elects New Officers

Beginning Sept. 1, 2008, Garry Kaufman, president of Galveston Insurance Associates, Galveston, Texas, will lead the Independent Insurance Agents of Texas (IIAT) as president. Kaufman was elected at IIAT’s 111th Annual Trade Show and Convention, held recently in Austin. He …

California Considering Pay-As-You-Drive Auto Insurance

Price at the Gas Pump Spurring Assembly Bill, DOI Regulation California’s Department of Insurance as well as state legislators are considering bringing pay-as-you-drive automobile insurance to the state, a system in which automobile insurance premiums would more accurately reflect how …