Challenges facing inland marine insurers

Article Abstract:

Financial challenges for inland marine insurance companies include transportation, motor truck cargo, electronic data processing and contractors' equipment/builders' risk. Deregulation has caused financial difficulties to arise for the transportation industry. The infrastructure is also in a state of decay. Theft has increased losses for the motor truck cargo industry. Risks have increased but difficulties have also been more easily discerned through the use of electronic data processing. Business growth has increased insurance premiums for contractors' equipment and business risk.

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Inland marine continues its rebound: statistical study: despite record losses, inland marine's underwriting results remained profitable

Article Abstract:

The inland marine underwriting business remained profitable in 1996 just as in 1995 after three years of losses. The line remained profitable despite record losses in 1996. The line showed an underwriting profit of $81.4 million which is lower than the $332.7 million in 1995. This decline in profit for 1996 was caused by pure losses which rose by 25.2% to $3.0 billion from $2.4 billion in 1995.

Industry Overview, Finance, Property and casualty insurance industry

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