Tri-State Boating Safety Fair promotes proper life jacket wearNews from Today’s News-Herald:
Jillian Danielson Photo/Special to News-Herald

Old life jackets were traded for new at the 9th annual Colorado River Tri-State Boating Safety Fair Saturday.The one-day event promotes boating safety and regulation education……………. continues on Today’s News-Herald
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The real cost of owning a boatNews from Washington Post:
It’s an old joke — a boat is a hole in the water you pour money into. It’s also true. About 95 percent of owners have boats 26 feet or less at an average cost of $ 18,000, according to the National Marine Manufacturers Association, and more than 80 percent of those buyers shelled out for pre-owned boats. But buying it is just a start. Bentley Collins of Sabre Yachts says to budget 10 percent of the boat’s value annually to cover expenses. [...] Continue Reading…

NRP Celebrates National Safe Boating WeekNews from Bay Net:
 The Maryland Natural Resources Police (NRP) and local boat insurance provider, Jack Martin/Avon-Dixon, encourage the public to join them in wearing a lifejacket to work on Friday, May 18. The State initiative kicks off National Safe Boating Week, May 19 to 23, by raising awareness on the importance of these life saving devices.
“The simple act of wearing a lifejacket could mean the difference between life and death during a boating accident,” said NRP Superintendent Colonel George F. Johnson IV. “If we [...] Continue Reading…

Boat Tip: May 18, 2012News from TCPalm:
Treasure Coast boaters always look forward to Memorial Day weekend with mixed emotions. Sure, the summer’s long, balmy days are arriving meaning more opportunities to enjoy local waterways. But it also means hurricane season is here. Think now about boat preparations to spare the stress of dealing with a storm as it bears across the western Atlantic.
Plan ahead: On average, two hurricanes will come ashore on the Gulf of Mexico or Atlantic coast each year. Get materials to create a checklist of must-dos [...] Continue Reading…

Avon-Dixon, Jack Martin employees wear life jackets to work FridayNews from The Star Democrat:

EASTON On May 18, employees of The Avon-Dixon Agency and subsidiary Jack Martin Yacht Insurance in Annapolis, will take part in the nationwide event “Wear Your Life Jacket to Work Day.”
The event is organized by the Maryland Natural Resources Police Safe Boating Division and helps to demonstrate the critical importance of wearing a life jacket while participating in all boating and water activities.

In Maryland, 184 boating accidents were reported in 2011, with a resultant 156 injuries [...] Continue Reading…

BofA tells judge MBIA split must be annulledNews from Reuters:

Tue May 15, 2012 7:00pm EDT

* Lawyer for banks says bad information led to action

* Calls state insurance dept’s approval process flawed

By Karen Freifeld

NEW YORK, May 15 (Reuters) – Bond insurer MBIA Inc’s restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.

Robert Giuffra, a lawyer for Bank of America Corp and Societe Generale, made the argument in his opening statement in a case the [...] Continue Reading…

Owner of boat that burned, sank could end up facing large billNews from The Seattle Times:
A fuel spill from a sunken crab boat in Whidbey Island’s Penn Cove temporarily shut down mussel harvest there and could have even longer-term impact on the vessel owner’s wallet.
The Coast Guard on Monday evening estimated that about 550 gallons of diesel had been recovered in containment operations from the Deep Sea, a derelict 128-foot vessel that sank early Sunday after a fire.
The state Department of Natural Resources had put the Deep Sea on [...] Continue Reading…

Founder of Miami’s Estrella Insurance in legal battle over sinking of his …News from MiamiHerald.com:
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In the early morning of May 3, 2009, auto insurance mogul Nicolas Estrella’s 80-foot yacht was stolen from the dock next to his Mediterranean mansion on Key Biscayne.
Last week, state insurance fraud detectives arrested the vessel’s former boat captain, Robert Figueredo, on charges of stealing Star One — before he allegedly sank it off the Bahamas.
But the case does not involve a [...] Continue Reading…

Captain ‘sank $ 2m yacht and claimed the insurance money’ but was caught when …News from Daily Mail:

By Emily Anne Epstein
PUBLISHED: 08:19 EST, 13 May 2012 | UPDATED: 09:08 EST, 13 May 2012

Sunk: Robert Figueredo was arrested on a first-degree grand theft charge on Thursday, nearly three years after his boat, the ‘Star One,’ went missing

A Florida captain who said his ship sank is in hot water after his ex-girlfriend tattled on him to the police.
The Florida Department of Financial Services Division of Insurance Fraud arrested Robert Figueredo, [...] Continue Reading…

Key Biscayne boat captain charged in sunken yacht theftNews from MiamiHerald.com:
MIAMI — A South Florida boat captain is facing grand theft charges for allegedly sinking an 80-foot yacht so he could collect the insurance money.
State Chief Financial Officer Jeff Atwater said Thursday that 49-year-old Robert Figueredo was arrested in the sinking of the “Star One” yacht off the Bahamas in 2009. The yacht was worth about $ 1.8 million.
Figueredo told authorities back in 2009 he had no idea who had taken the yacht from its Key Biscayne mooring. [...] Continue Reading…