transportation

• An Underrated Supply-Chain Concern: Cyber Events

  By Anya Khalamayzer, PropertyCasualty360  |  May 8, 2013

  Two-thirds of cyber events are the fault of third-party businesses that outsource services for the victim, showing that business interruption no longer solely concerns physical assets susceptible to natural catastrophes and other disasters.

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  W.R. Berkley Attorney: Limited Coverage Held by West Fertilizer ‘Irresponsible’

  By Chad Hemenway, PropertyCasualty360.com  |  May 7, 2013

  Paul A. Grinke, an attorney with McCathern in Dallas, predicts his clients and others involved in lawsuits against the West, Texas facility that exploded last month will "be left holding the bag."

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  A Look Inside Fraud Detection

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 2, 2013

  It’s not true that insurance carriers are averse to paying claims, it’s just that many insurers hate paying claimants that don’t deserve the money—particularly those who file fraudulent claims that end up costing honest policyholders in the long run.

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  Crop of Controversy

  By Claire Schuster, PropertyCasualty360.com  |  May 1, 2013

  A relentless drought, tenacious wildfires, extreme weather—over the past year, all of these have plagued the U.S. agricultural business, leading to lingering uncertainty for farmers and the agents and brokers that serve them.

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  Bound for Boom or Bust?

  By Christina Bramlet, PropertyCasualty360.com  |  May 1, 2013

  Fracking has ignited fierce debate about its true cost and associated risks. As a result, P&C insurers find themselves smack in the middle of conflicting scientific and political stances.

• Marsh & McLennan: Congress May Not Address TRIA Before Expiration

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth D. Festa, PropertyCasualty360.com  |  April 30, 2013

  Congress may not fully address the renewal of the Terrorism Risk Insurance Act before the scheduled expiration of the law at the end of 2014, Marsh & McLennan Cos. warns.

• Financial Cybercrime Top Worry in Verizon Data Breach Report

  By Staff Writer  |  April 23, 2013

  The “Verizon 2013 Data Breach Investigations Report” reveals that large-scale financial cybercrime and state-affiliated espionage dominated the security landscape in 2012.

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  Enviable Combined Ratios, Steady Pricing, Lure Players to Inland Marine

  By Bonnie Cavanaugh  |  April 17, 2013

  An excess of capacity, new competition among carriers and increased measures against cargo theft characterize the landscape of the Inland Marine segment, the vast and varied coverage area that encompasses any type of shipment that does not travel over an ocean, including fine art and jewelry.

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  Collisions Top Cargo Thefts for Costliest Inland Marine Claims

  By Bonnie Cavanaugh, PropertyCasulaty360.com  |  April 17, 2013

  After collision, the next-costliest Motor Truck Cargo claims are cargo theft and then fire. Frequent accident claims involve bad-weather collisions with other trucks, cars and guardrails--and rollovers are common.

• CBI Q&A with Zurich’s Linda Conrad

  By Michael Voelker, PropertyCasualty360  |  March 8, 2013

  The director of strategic business risk management at the carrier discusses the types of supply-chain questions now being asked of clients—and how the answers directly affect limits and pricing

• Commercial Rates Up 4% in February; New Industry Classes Leading the Way

  By Phil Gusman, PropertyCasualty360.com  |  March 5, 2013

  Commercial-insurance rates were up by 4 percent in February compared to the same month a year ago, but different industry classes led the charge on increases compared to months prior, according to MarketScout.

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  4 Questions to Ask to Protect Clients Against an International Crisis

  By Bill Flynn, Ken Anderson  |  February 27, 2013

  With the recent terrorist event in eastern Algeria—radical Islamists attacked a gas field, killing two and taking hostages--Americans working overseas must be protected.

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  The Anatomy of a Loss Estimate: Superstorm Sandy

  By Hemant Shah  |  February 26, 2013

  Superstorm Sandy was an extraordinary weather event, particularly given the destruction produced by its large storm surge in relation to the wind damage. Two weeks following the event, RMS issued its first and only estimate: insured losses would fall between $20 billion and $25 billion. So what goes into producing...

• Water: The Oldest Means of Transportation

  By Ken Brownlee, CPCU  |  February 25, 2013

  Adjusters must be prepared to handle water transportation claims, whether they involve a bass boat with an out-board motor or an oil tanker with a multi-million dollar cargo.

• New Hires and Promotions at Dempsey Partners, IIS, Lockton, Integro and More - Around the Industry

  By Staff Writer  |  February 18, 2013

  New programs from Burns & Wilcox, Hiscox and Enservio. Starr Indemnity & Liability Co. was chosen to be an approved insurance provider for the 2013 federal crop insurance program.

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  Saving Failed Insurance Technology Projects

  By Loren Nickel  |  February 14, 2013

  Traditional efforts to improve IT performance treat project delivery as an operational endeavor driven by technologists. Progress, these technologists say, lies in ever more complex implementation methodologies. An IT project is a business endeavor that must be evaluated in financial terms, both as a standalone effort and in relation to...