Regulation/Legislation

Legislation has been introduced in the House designed to resolve routine delays and confusion in the review of workers compensation Medicare set-asides by the Centers for Medicare and Medicaid Services.

The Inland Marine market has long been alluring to carriers given its high profit potential, even when other insurance sectors are suffering.

A hardening market is a tough thing to pass up, so in February, Maritime Program Group of Manchester, N.H., launched an exclusive Motor Truck Cargo program with North American Specialty Insurance Co., a subsidiary of SwissRe, as an expansion of its nationwide business, says David C. Morrill, Inland Marine program...

Valuable Articles coverage, including Personal Article Floaters and Jewelry Insurance, has remained a stable sector of the Inland Marine market during the economic recession.

As the economy begins to turn, competition in Transportation and Construction coverage are heating up the Inland Marine Specialty Insurance segment.

Although there wont be a flood of new markets available to independent agents, increased interest by carriers in the independent channel can translate into opportunity.