PropertyCasualty360: Property & Casualty Insurance News & Tips

Collisions Top Cargo Thefts for Costliest Inland Marine Claims

Bonnie Cavanaugh, E&S Editor

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

Bonnie Cavanaugh, E&S Editor

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.
Cargo Ace: William Montanez

Bonnie Cavanaugh, E&S Editor

William J. Montanez knows a thing or two about the perils of shipping cargo. As director of risk management for Ace Hardware Corporation of Oak Brook, Ill., he has oversight of the retail-agency operations for the largest retailer-owned hardware cooperative in the industry.

National Underwriter Property & Casualty-April 2013-Special