Marine (Inland and Ocean) News

Texas DPS: More than 66K Unsafe Commercial Vehicles Sidelined This Year

Since the beginning of the year, Texas public safety officers have removed more than 66,000 unsafe commercial vehicles and more than 12,000 unsafe commercial drivers from the state’s roadways, the Department of Public Safety reports. Texas Department of Public Safety …

Five Star Specialty Launches Breakdown Service for Bus, Waste Hauler Vehicles

Five Star Specialty Programs, a division of Crump Insurance Services, Inc., and part of Crump Group, Inc., has launched a new breakdown service to buses and waste hauler vehicles insured through 5Star, the exclusive facility for this new service. RoadsideMASTERS …

AIMU Updates Pollution Exclusion Clause, Buy-Back Endorsement

An amended pollution exclusion clause and buy-back endorsement which retains original coverage while modernizing and clarifying wording has been developed by the American Institute of Marine Underwriters (AIMU). The updated pollution exclusion clause (P&I) and buy-back endorsement A clauses provide …

The Aftershocks of Vulnerable Supply Chains

The massive earthquake and tsunami that hit Japan in March has led to supply chain disruptions around the world, sending a wakeup call to companies that do not have viable business continuity plans in place for themselves and their suppliers. …

National Interstate Enters Ambulance Insurance Market

National Interstate Insurance Co., a provider of transportation insurance, has entered the ambulance insurance market through a relationship with McNeil & Company, Inc.. The Ambulance Services Insurance Program (ASIP) is an insurance product created specifically for emergency and non-emergency medical …

Study: High Gas Prices Lead to Fewer Auto Accidents

As gasoline prices reach $4 a gallon throughout the nation, pain at the pump seems to have at least one silver lining for drivers and insurers. The rising cost of gas also drives a decline in all traffic accidents, including …

The Hartford Introduces Marine Policy For Modern Warehouse Logistics Operations

The Hartford Financial Services Group, Inc. has introduced a marine policy designed specifically for modern warehouse logistics operations involved in the transport and storage of their customers’ property. The Hartford’s Warehouse & Logistics Choice provides coverage for direct physical loss …

Allied World Forms New Inland Marine Division

Allied World U.S. has expanded its property & casualty (P&C) operations with the launch of a new inland marine division. The division will target all filed and non‐filed classes of inland marine business in the United States, with a focus …

Starr Marine Names New Commercial Inland Marine Product Line Manager

Starr Marine Agency, Inc., a member of Starr Companies, announced that Christine Santiago has joined Starr Marine as Commercial Inland Marine (CIM) product line manager. Santiago has over 25 years of experience in the P&C insurance business with the last …

Integro Acquires Windward International

New York-based Integro has acquired Windward International Inc., a marine insurance broker based in New Jersey. Terms of the deal were not disclosed. Windward International Inc. has developed a significant subspecialty in brown water coverage, the industry term for inland …