Insurance
The types of insurance a company needs depend on the kind of business it does and the regulations that apply to it. Trade Only follows developments in government and insurance that affect the marine industry.
Marinas Struggle with Flood Insurance
How marinas are coping with flood insurance changes.
Allianz Global Corporate & Specialty announces personnel moves
Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty, said Rich Soja will become North American regional head of marine and Henning Haagen will take over as North American regional head of specialty lines.
Maritime Program Group announces personnel moves
Maritime Program Group Inc. said it has promoted Alison Kelly to chief underwriting officer and hired Matthew Roper as manager of the commercial recreational marine program.
Norman-Spencer Agency adds office in North Carolina
Norman-Spencer Agency said it opened a new recreational marine operation in High Point, N.C.
Cyber-crime insurance up among manufacturers
Manufacturers paid $36.9 million in premiums for cyber insurance last year, up 89 percent from 2015.
Gowrie Group sponsors Rhode Island trade group
The Gowrie Group said today that it joined the Rhode Island Marine Trades Association as an organizational sponsor.
European insurance broker opens Fort Lauderdale office
The group said it has been operating as an independent insurance broker for more than 25 years.
Maritime Program Group expands insurance services
Maritime Program Group said it expanded its ocean marine programs to include a new underwriting facility.
Norman-Spencer Agency names chief claims officer
Norman-Spencer Agency named Mark Aussicker as chief claims officer and director of watercraft operations and distribution.
Sea-Fire Marine president speaks at marine insurance event
Sea-Fire Marine president Ernie Ellis addressed 650 people at the 27th Marine Insurance Seminar.
Gowrie Group acquires Mid-Atlantic insurance agency
Gowrie Group said it acquired International Marine Insurance Services.
Yacht owner gets $20 million in insurance after fire
A group of 14 Lloyd’s insurers paid $20 million to the owner of Barbie, a 170-foot superyacht that was destroyed by fire in Turkey in January.
Gowrie Group renews fund-raising challenge for charity
The Connecticut-based Gowrie Group is launching its annual matching challenge with a $25,000 donation.
Michigan trade group announces insurance dividends
The MBIA said members participating in an insurance program with The Hanover were awarded more than $200,000 in annual safety dividends.
Boat owner offers $10,000 to find stolen boat
The owner of a custom-built center console that was stolen from a Lower Township, N.J., marina is offering a $10,000 reward for the tip that brings it home.