Warning: Creating default object from empty value in /home3/inspo77/public_html/wp-includes/ms-load.php on line 113
Boat Insurance » industry

Posts Tagged ‘industry’

Bigger Baltimore boat show reflects rosy industry outlook

Tuesday, January 27th, 2015

Bigger Baltimore boat show reflects rosy industry outlook
News from Baltimore Sun:

Brian Conner hasn’t attended the Baltimore Boat Show as a dealer since the Great Recession hobbled the industry, but he’s back now, sensing opportunity in a recovering economy and a niche he might fill in the Chesapeake Bay: pontoon boats.

“This is our debut,” said Conner, owner of Rhode River Boat Sales and Rhode River Marina in Edgewater. He hopes the powerboat show scheduled at the convention center from Thursday to Sunday will launch him once again into the boat sales business, which he has shifted in and out of more than once in the last 30 years with rising and falling economic tides.

He’s bringing 10 boats — eight Bennington pontoons and two Sundance skiffs — to be displayed with about 260 others. Baltimore’s show, one of the region’s largest pleasure boat shows, has added 20 percent more space and exhibitors, reflecting overall growth in the boat business.

“This is the largest the show has been since 2008,” said show manager Tara Davis, who works for the National Marine Manufacturers Association, the recreational boating industry’s largest trade group. “There was a lot of demand with some new exhibitors that wanted space in the show.”

She said the 185,000 square feet of space will accommodate 50 boat exhibitors and 100 other companies offering an array of nautical gear an…………… continues on Baltimore Sun

… Read the full article


Related News:

Insurance Linked Securities


Securitisations of insurance risk as new methods of risk transfer have been emerging in the global financial market during the recent twenty years. Christoph Weber analyses the techniques of traditional methods in comparison with securitisations for life- and non-life insurance risk.
List Price:
Price:

Sandy Hit NJ’s Maritime Industry Hard; Insurer Says 25000 Boats Damaged

Thursday, January 31st, 2013

Sandy Hit NJ’s Maritime Industry Hard; Insurer Says 25000 Boats Damaged
News from Insurance Journal:

Capt. Harold “Smitty” Smith couldn’t believe it — they were everywhere, hundreds of them.

Stacked in piles by the dozen. Leaning against homes and on top of cars. Peeking out from murky waters and marshes up and down the New Jersey coast.

Hurricane Sandy had turned the Shore area into a graveyard of boats. More than 1,400 marine vessels, from Jet Skis to 40-foot yachts, littered the coastline in the wake of the storm, carried from their docks by a record-breaking storm surge and deposited wherever Sandy saw fit — often hundreds of yards away from where they began.

“It was just completely decimated,” said Smith, a towboat captain with TowBoatUS Sandy Hook who has removed dozens of displaced vessels at the Atlantic Highlands Municipal Harbor. “It wasn’t just minor damage either. I’d say 70 percent of the boats that we salvaged were total losses,” he told The Star-Ledger of Newark, N.J.

Sandy caused record-breaking damage to nearly every facet of life along the coast — and the maritime industry was no different. BoatUS, an insurer and the nation’s largest boat-owners association, estimates 25,000 boats were damaged in New Jersey at a cost of $ 242 million.

The cleanup will be an unprecedented effort, according to the New Jersey State Police and Department of Environmental Protection, one not expected to be co…………… continues on Insurance Journal

… Read the full article


Related News:

Boat


When ten-year-old Michael Baughman moves to Hawaii with his parents, he is troubled and confused. His father doesn't provide the guidance Baughman needs and the boy doesn't know who to turn to. When a larger-than-life Hawaiian “beachboy” named Boat takes Baughman under his wing, the boy finds a teacher and mentor. Boat is 285 pounds of solid muscle but gentle spirituality, and he introduces the boy to the ways of Hawaiian mysticism, offering simple, profound wisdom that helps Baughman thrive in an otherwise lonely childhood. Even after Baughman leaves the islands seven years later, the unlikely friendship endures for the rest of Boat's life, influencing and inspiring the author to this day.€

Baughman's narrative begins with a distressed boy at a Pittsburgh Pirates baseball game and ends more than six decades later with himself as a content old man experiencing a miracle in Mexico. With a photographic memory, Baughman recalls virtually verbatim every significant conversation he had with Boat. Boat spoke Hawaiian Pidgin English, and its unique lilt and rhythm grace this touching memoir. A testament to friendship and the revelations provoked by wisdom in unexpected places.

List Price:
Price: 25.64

Battered boats: Sandy’s wrath hit NJ maritime industry hard

Monday, January 28th, 2013

Battered boats: Sandy’s wrath hit NJ maritime industry hard
News from NJ.com:

Aerial view of sunken sailboats and other catastrophic devastation in Sea Bright the day after after Hurricane Sandy destroyed areas of the Jersey Shore.  

Capt. Harold “Smitty” Smith couldn’t believe it — they were everywhere, hundreds of them.

Stacked in piles by the dozen. Leaning against homes and on top of cars. Peeking out from murky waters and marshes up and down the New Jersey coast.

Hurricane Sandy had turned the Shore area into a graveyard of boats. More than 1,400 marine vessels, from Jet Skis to 40-foot yachts, littered the coastline in the wake of the storm, carried from their docks by a record-breaking storm surge and deposited wherever Sandy saw fit — often hundreds of yards away from where they began.

“It was just completely decimated,” said Smith, a towboat captain with TowBoatUS Sandy Hook who has removed dozens of displaced vessels at the Atlantic Highlands Municipal Harbor. “It wasn’t just minor damage either. I’d say 70 percent of the boats that we salvaged were total losses.”

Sandy caused record-breaking damage to nearly every facet of life along the coast — and the maritime industry was no different. BoatUS, an insurer and the nation’s largest boat-owners ass…………… continues on NJ.com

… Read the full article


Related News:

Hurricane Sandy gives boating industry a boost

Saturday, January 5th, 2013

Hurricane Sandy gives boating industry a boost
News from CBS News:

(CBS News) Hurricane Sandy is blamed for roughly about $ 62 billion in damage and counting. However, one industry may stand to benefit.

There’s not much good you can say about Sandy. But surprisingly, its rising tide of destruction may have actually lifted the recreational boating industry. So along with huge losses came huge payouts.

When Hurricane Sandy barreled through the northeast last October, it leveled homes and businesses along the coastline. It also damaged or destroyed 65,000 boats.

Superstorm Sandy tops 2012 insurance claims
Congress passes $ 9.7B Sandy relief bill
NY homes for elderly under scrutiny after Sandy

“Hurricane Sandy was the single largest loss to recreational boating since we been keep track since 1966,” said Scott Croft of Boat Owners Association of the U.S.

A…………… continues on CBS News

… Read the full article


Related News:

Boat Insurance in the US Industry Market Research Report Now Available from …

Friday, December 7th, 2012

Boat Insurance in the US Industry Market Research Report Now Available from …
News from Midland Daily News:

As the economy and disposable income improve, consumers will likely loosen their purse strings and return to spending on boats and, thus, necessary insurance. For this reason, industry research firm IBISWorld has updated its report on the Boat Insurance industry.

Los Angeles, CA (PRWEB) December 07, 2012

The Boat Insurance industry has struggled to stay afloat over the past five years due to low demand in the wake of the Great Recession, says IBISWorld industry analyst Eben Jose. An annualized 8.0% increase in oil prices also made boating more expensive over the period. Combined with low disposable income, new boat sales plunged more than 15.0% annually between 2008 and 2010. Likewise, existing boat owners chose to downgrade their boat insurance policies to cut costs. Consequently, industry revenue is projected to sink 0.9% annually on average to $ 25.9 billion over five the years to 2012. Higher competition stemmed from online retail, facilitating the comparison of boat insurance products. It also led to increased market share for major companies like Allstate and State Farm, which were best positioned to offer discou…………… continues on Midland Daily News

… Read the full article


Related News:

Insurance Statistics Yearbook 2001


This annual publication gathers major official insurance statistics for all OECD countries as well as Singapore which has an observer status to the OECD Insurance Committee. The reader is provided with information on the diverse activities of this industry and on international insurance market trends. The data, standardised as far as possible, cover the period 1992-1999. They are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible.
List Price:
Price: 142.00

Insurance Not Required in Unregulated Parasailing Industry

Saturday, August 18th, 2012

Insurance Not Required in Unregulated Parasailing Industry
News from NBC 6 Miami:

advertisement

Parasailing Woman Dies After Long Fall

A 28-year-old woman from Connecticut was fatally injured when she fell approximately 200 feet in a parasailing accident off Pompano Beach, authorities said.

… Read the full article


Related News:

Cracking The Code On Paid Surveys
No Investment Needed! Convert Your Spare Time Into Cash. Make Money Online Using One Of The Best Kept Internet Secrets. Learn How Fortune 500 Companies Are Willing To Pay You Top Dollar For Your Help While Working Online At Home At Your Own Convenience.
Cracking The Code On Paid Surveys

At 2012 Hartford Boat Show, Optimistic Signs For State’s Marine Industry

Saturday, January 28th, 2012

At 2012 Hartford Boat Show, Optimistic Signs For State’s Marine Industry
News from Hartford Courant:

A year ago, the state’s marine industry was battling a proposed luxury tax that boat sellers, marina owners and sailmakers believed would further depress an already hard-hit industry. From 2007 to 2010, the state’s recreational boating industry had seen boat sales plummet 70 percent and the number of workers fall from 12,000 to 4,500.

Gov. Dannel P. Malloy’s proposed budget included a “luxury tax” on new and used boat purchases, a 3 percent surcharge on the value of vessels over $ 100,000 — beyond the proposed 6.35 percent retail sales tax. The state collects sales tax when a boat is sold and resold multiple times.

Malloy’s proposal brought riggers, shipyard owners and marine industry leaders to the state’s Capitol in protest.

A compromise was reached, and today new and used boats selling for less than $ 100,000 are taxed at the going sales tax rate of 6.35 percent. Vessels selling for more than $ 100,000 are taxed 7 percent on the entire amount.


[Sample Our Free Connecticut Business............... continues on Hartford Courant

… Read the full article


Related News:

Presidential address: risk management and insurance education: will we miss the boat? (Harold D. Skipper, Jr. speech) (Transcript): An article from: Journal of Risk and Insurance
This digital document is an article from Journal of Risk and Insurance, published by American Risk and Insurance Association, Inc….
State insurance exams miss the boat on ethics.: An article from: National Underwriter Property & Casualty-Risk & Benefits Management
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The Nat…

Boat industry showing signs of recovery

Friday, January 20th, 2012

Boat industry showing signs of recovery
News from Kansas City Star:

By BRENT FRAZEE

The Kansas City Star

The Kansas City Star

Updated: 2012-01-20T05:19:02Z

JOHN SLEEZER

Jim Rand of Blue Springs Marine thinks that his industry in the process of a gradual recovery — a welcome turnaround after several years in the economic doldrums.

Progressive Insurance Kansas City Boat and Sportshow

•  WHAT: The annual event that brings the outdoors indoors with displays of boats, fishing equipment, hunting gear, RVs and travel destinations.

•  WHEN/WHERE: Opened Thursday, will continue through Sunday at Bartle Hall in downtown Kansas City.

•  TICKETS: $ 10 for adults; children ages…………… continues on Kansas City Star

… Read the full article


Related News:

Progressive Insurance

1959 New England Life Insurance Tom Lovell Boat Lake art Print Ad
An original vintage magazine ad print from the year published. Print ads make unique gift items that can be framed as artwork. Shi…

Shipping experts support growing inland waterways industry

Thursday, January 19th, 2012

Shipping experts support growing inland waterways industry
News from This is Scunthorpe:

SERVICES: Shipping experts in Hull are supporting the growing inland waterways and commercial boat industry.

Two businesses have been working with the Commercial Boat Operators Association (CBOA) to provide a dedicated insurance scheme and standard conditions for moving cargo.

They include The Insurance Partnership and specialist shipping law firm Myton Law, both based in Hull.

The CBOA represents major inland waterway operators plying their trade in the Humber, Thames, Mersey and Severn.

Peter Hugman, CBOA chairman, said: “We are confident this comprehen- sive approach to insurance and management of contractual obligations will provide greater clarity and peace of mind for both our members and their customers.

“The Insurance Partners- hip’s expertise in insurance and the experience of Myton Law in legal transportation matters have been of considerable value in this review.”

Paul Buckle, of The Insurance Partnership, said they were delighted to be able to provide the bespoke insurance package.

…………… continues on This is Scunthorpe
… Read the full article


Related News:

Understanding Health Insurance


Understanding Health Insurance
List Price: 119.95
Price: 107.95

Carnival, Tourism Industry, Insurers Count Cost of Cruise Ship Accident

Tuesday, January 17th, 2012

Carnival, Tourism Industry, Insurers Count Cost of Cruise Ship Accident
News from Insurance Journal:

The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia flipped on its side in Italian waters on Monday and could suffer a hit to sales in a key booking period.

Carnival, the owner of the cruise ship that capsized off Italy’s west coast, said it alone expected to take a hit of around $ 90 million from Friday’s accident just as a result of the boat being out of use for the rest of the year.

“The long-term consequences for the cruise industry could be significant. This accident could have a significant impact in terms of trading because we’re in the peak-season for reservations,” said Natixis analyst Geoffrey d’Halluin.

The first quarter is a critical booking period across the tourism industry and the images are unlikely to encourage holidaymakers already facing tough economic headwinds to opt for a cruise.

“I think it’s going to be horrid, short term,” Numis analyst Wyn Ellis told Reuters. “There will be a definite short-term impact because it’s a key booking period and many people will be put off cruising in the short term.”

Travel industry analyst Mark Murphy said since cruise ship vacation industry is still in its infancy in the United States with only 20 percent of Americans having been on a cruise.

“The problem…………… continues on Insurance Journal

… Read the full article


Related News: