James D. Glotfelty has been appointed a vice president for Adams & Porter Associates, Incorporated, Houston, Texas, and John Currie has joined the firm's Employee Benefits Group as an account manager. Announcement of the new additions was made by Richard R. McKay, president.
Mr. Glotfelty joins the company after having been associated with another Houston insurance broker for the past four years.
Prior to that, he spent 10 years with Travelers Insurance Company where he specialized in large property and casualty accounts.
Mr. Glotfelty is a graduate of Indiana Central University in Indianapolis, Ind.
Mr. Currie joined the Employee Benefits Group in September of this year. Previously, he was group representative for Aetna Life & Casualty, and during the past 5Vo years has worked in Oklahoma City, El Paso, and Houston. Mr. Currie is a graduate of Bowdoin College in Brunswick, Maine.
Adams & Porter Associates, Inc., is a Houston-based international insurance brokerage firm founded in 1907.
The first two-day Diving and Insurance Symposium to be held in New York City, sponsored by three internationally recognized organizations in the marine industry, will be held at the Statler Hilton Hotel, November 14-15, 1977. The purpose of the Symposium is to provide a common forum for the mutual
As part of an effort to enhance Wigham Poland Inc.'s brokerage services, one of the first areas to be expanded is the marine insurance division. The marine division, 111 John Street, New York, N.Y. 10038, headed by a team of professionals with excellent reputations, will offer a wider range of
most important advice, which is often neglected, is to never underestimate the importance of communication. Identify the key players, including your insurance broker and underwriter, early and allow them to be part of the planning and engineering review to mitigate risk and optimize safety. Here at Allianz
to have a response plan in place that outlines how to respond when a cyber incident occurs. An important part of this plan is to working with your Insurance Broker and Underwriters to understand how to properly manage your risk with adequate insurance coverage. The key here is to identify what is and
a responsibility of all the people working there but a little additional help and guidance can be helpful as well. One place to start is with your insurance broker and carrier. Marine brokers and carriers are familiar with industry-wide loss trends. They know where accidents and mishaps most often happen
effective and comprehensive safety programs benefit from lower frequency and severity of insurance claim activity. Be sure to work closely with your insurance broker, your underwriters and their marine risk control specialists in designing your plan. As your results develop, be sure to communicate your success
damage to someone else. As contractors venture out beyond the scope of their usual method of doing business, it is important to sit down with an insurance broker to discuss the operational changes, identify potential risks and to procure insurance policies that adequately protect the company from these
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have Machine Vision shipowners, and we are also seeing in- for responding to challenging situations. Groke Pro is the ? rst machine vision terest from insurance companies. In Groke Pro was not designed to re- solution to obtain Innovation Endorse- high-risk situations, a recording of im- place crew on board
a judicious selection of approaches and treatment a return on The Author investment can be realized. Inspection of the treatment installations is the “insurance” Fischer required to ensure that all the effort going into a quiet ves- Raymond Fischer (pictured) and Leonid Boroditsky have been involved with
manage- businesses to lower the risk of loss from an incident. ment experts in 92 countries and territories including CEOs, risk managers, brokers and insurance experts. The closely inter- Natural Catastrophes linked peril of Business Interruption ranks second while Natu- For Marine and Shipping risk professionals
in October 2023, clearing way for the builds to be completed by another yard. Eastern secured the contract to complete the builds from Zurich American Insurance Company, the issuer of the performance bonds for the original MPSV contracts. “The vessel structure is mostly complete with the vast HOS Panama
of tons of greenhouse nize self-interest, for example even through their own banks gases every year. But if the IMO doesn’t curb shipping mis- and insurance companies, the choice of national jurisdiction sions, it’s unclear who will. in the form of ? ags of convenience, and even until recently through
. The energy invest- tal costs required for new ship design, the SMR modular ment can lead to reduced costs for maritime applications. application, insurance, crew training and welfare, and the The issue moving forward will be de? ning the economics ability for the market and vessel type to save lost
, today there for the taxable year for cargo handling equipment, (3) the is more than $2.5 billion on deposit in CCF accounts held net sales or insurance proceeds from the disposition of cargo by more than 140 fundholders who own or operate vessels handling equipment, and (4) the receipts from the
, the captain can save fuel by avoiding unnecessary re-anchorings as well as protect Popeye. Storing the footage provides also a sys- tem of record for insurance purposes. Beyond PopEye: Pirates, The team @ United States Coast Guard headquarters Overboard and Perimeter in Washington, DC with Katie Burkhart
of cargo theft in North America in 2022, with 1,059 report- the signals of GPS trackers and make it more dif? cult to re- ed cases, compared to 316 cases of burglary and theft (more cover stolen goods. Usually, the driver is not involved but the opportunity-driven), 139 cases of ? ctitious pick-up
. Navy has been testing drone ves- emergence of USV and MASS challenges the concepts of sels under its drone boat evaluation program, Ghost Fleet marine insurance, limitation of liability statutes, and the Overlord. The U.S. Navy is focusing on autonomous ves- Rules of the Road. In March 2023, the USCG released
OFFSHORE WIND 3) Finance and insurance providers in certain markets with battery energy storage and shore power connections. have become more interested in incentivizing investments that have less of an environmental impact. And what about the challenges? 4) A younger workforce who are increasingly less
NOR-SHIPPING 2023 Shortly after inception, in April Case study: 2017, MPC Container Ships was listed on Oslo Børs’ OTC market. During the following 18 MPC Container Ships months, its principals set up a Feeder container ships may not appear the most likely challenging timetable of over shipping
over the past decade, f res on board vessels remain among the biggest safety issues for the maritime industry. AGCS analysis of over 240,000 marine insurance industry claims between January 1, 2017, and December 31, 2021, worth approximately $10B in value, shows that these are the most expensive cause
ship- and territories, including CEOs, risk risks, while there have also been a num- ping ? eets to measure and improve the managers, brokers and insurance ex- ber of blazes on container ships and in carbon intensity indicators is a recent perts. The overall global results reveal warehouses. example
accurate and cost-effective com- shore & Harbor Workers’ Compensation Act. AEU works pliance, optimized performance and operational ef? ciency with insurance brokers to provide USL&H coverage to em- for marine and offshore assets. ployers who are members of ALMA, including shipbuilders, ABS, led by CEO Christopher
effects of the pandemic continue pressures heighten risk Covid-19 measures in China, a surge in consumer demand to challenge the industry. The insurance industry remains a and the invasion of Ukraine have all been factors in ongoing steadfast partner helping the industry navigate these unprec- unpreceden
Insurance 2022 SHIPPING & PORT ANNUAL Post-pandemic world brings heightened risks for shipping hile the Covid-19 pandemic resulted in few di- global maritime workforce already facing shortages. Russian rect claims for the marine insurance sector, the seafarers account for just over 10% of the world’s 1.
USCG works to ease Supply Chains Woes 23 Shipping & Ports Annual Commandant Adm. Linda Fagan discusses the Coast Guard’s role in 26 Maritime Risk & Insurance helping to ease chronic supply chain disruptions. 38 Tech Talk: AI in Ports By Eric Haun 39 On the Book Shelf: Port Newark & Containerization 40
the U.S. Navy and 16 Digitalization USCG, from spruce up to dramatic make-over. 18 The Path to Zero: Armach By Edward Lundquist 20 The Path to Zero: Insurance 56 Tech Feature: Bearings 56 In the Shipyard 34 Offshore Wind Drives Shipyard Innovation 60 Buyer’s Directory While there have been many starts
Project Manager at Volvo Penta we are piloting and we are testing,” Inden said. “We want to understand how it will work in real commercial operation— insurance, additional ? nancing, responsibility, data protec- tion, et cetera. That is really what we’re trying to nudge here to get that discussion going
regularly to this magazine. 5 Alan Weigel, of counsel, Blank Rome, focuses his practice on all 3 Don Gale aspects of commercial and insurance litigation and is a freelance writer with over three decades of engineer- arbitration, with particular emphasis on the mari- ing and naval architecture
Insurance Update CyNav for Ports & Terminals © metamorworks/AdobeStock has launched CyNav for Ports and Termi- new focus of activity from cyber criminals – is the connec- WTW nals, a cyber solution speci? cally designed tions to the operational technologies that control activities to help address the
to 1,000 teu or more of undeclared dangerous cargo on board a 24,000 teu ultra-large container vessel. In 2019, the International Union of Marine Insurance (IUMI) and other stakeholders co-sponsored a submission to the International Maritime Organization (IMO) Sub Com- mittee on Carriage of Cargoes
Insurance Update Cargo Fires: A Burning Issue for Shipping ommercial insurer Allianz Global Corporate & ysis shows there have been over 70 reported ? res on board Specialty just released its latest Safety & Shipping container ships alone in the past ? ve years, including inci- Review, an annual