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Category Archives: Industry Insights

Top 10 Reasons to Purchase the Rental Car Damage Waiver

Top 10 Reasons to Purchase the Rental Car Damage WaiverBy Jim Nerger, Vice President, Roanoke Trade

While most collision damage waiver (CDW) or loss damage waiver (LDW) fees are considered by many to be outrageous, consumers are best advised to purchase the CDW/LDW when renting a vehicle. These waivers may protect you against thousands of dollars in charges not covered under your personal auto policy. Since your auto insurance will likely cover things the rental agreement waiver won’t, having both is advisable.

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Roanoke Trade Launches Cyber Suite for Small to Midsize Logistics Service Providers

Roanoke Trade Launches Cyber Suite for Small to Midsize Logistics Service ProvidersThe clarion message from hackers today is that no company – large or small – is immune from cyber attacks, with their methods increasingly more sophisticated and targeted against those firms that transact a wealth of data online. This includes the transportation sector, which ranked fifth as the most cyber-attacked industry in 2016, according to IBM’s Cyber Security Intelligence Index.

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Roanoke’s Amanda Barlow Appointed to the District Export Council of Southern California

Roanoke Trade’s Amanda Barlow Appointed to the District Export Council of Southern CaliforniaRoanoke is pleased to announce the recent appointment of Amanda Barlow, Vice President of ATA Carnet for Roanoke Insurance Group Inc., to the District Export Council of Southern California (DECSC), one of more than 60 DECs that exist throughout the country to support the U.S. Government’s export promotion efforts. Amanda joins fellow Roanoke colleague, Theresa Garcia, as a DEC member.

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The Importance of Flood Insurance, Other Coverages Underscored in Aftermath of 2017 Catastrophe Losses

HurricaneThe trifecta of hurricanes that made landfall in 2017 from Harvey to Irma and Maria, along with other natural catastrophes, such as severe flooding in Southeast Asia and the earthquake in Mexico is estimated to cost the insurance industry $135 billion. Overall losses, which also include uninsured losses, are estimated at $330 billion, the second-highest figure ever recorded for natural disasters, according to a recent catastrophe review by Munich Re, parent company of Roanoke Trade.

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‘Tis a Very Busy Season for this Holiday for Logistics Companies

‘Tis a Very Busy Season for this Holiday for Logistics CompaniesThe most recent figures from the Labor Department shows that the warehousing and storage sector geared up in November for the holiday season, adding 8,100 jobs to pick, pack and ship e-commerce orders. This number reflects the most jobs the sector has added in a single month since December 2015, according to an article in the Wall Street Journal (WSJ).

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Understanding How the “Additional Insured Clause” Works

Understanding How the “Additional Insured Clause” WorksAn Additional Insured Clause is attached to a third-party liability policy in order to extend coverage provided under an insured’s policy to the party named within the clause. A third party, such as a client, vendor, or partner, typically will request additional insured status relating to services performed by the policyholder or as a condition outlined in a contract or agreement.

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Preparing for the Road Ahead: Autonomous Vehicles & Vessels

Preparing for the Road Ahead: Autonomous Vehicles & VesselsThe race to get autonomous vehicles and vessels on the road and on our waterways is set to impact the way the logistics industry operates. While the reality of self-driving vehicles and vessels in still in the distant future, those throughout the logistics supply chain should be taking a close look at what is taking place and preparing for that day.

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FastBond™ Video Quick Tip: Receive Bond Notifications via Email

Did you know…

You have the option to have FastBond™ automatically email you the completed CBP301 bond form upon bond approval from ACE or CBP. Watch the video to learn how or follow these instructions.

Instructions

  1. From the HOME page, click the link
  2. Update Your Contact Information (or, click on the Maintenance menu User Settings)
  3. Then, click the checkbox
  4. Email CBP301 
  5. Click the Save button

You only have to make this change once to have all future bond emailed to you directly from FastBond with the CB301 attached showing the new bond number on the form, too!

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Moving Targets: The Property Broker Benefits from Rail Deregulation – All Others Take Care

This blog written by Laura A. Otenti of Posternak Blankstein & Lund LLP examines how deregulation of the rail industry impacts the property broker bond required by the Federal Motor Carrier Safety Administration (FMCSA). Deregulation does not mean no regulation at all. The trick is figuring out which regulations remain in place and when.

FMCSA Property Broker Bond

property broker rail transitProperty brokers that operate in interstate commerce have to comply with the FMCSA’s financial security requirements.

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Cargo Insurance in Action: Covering Freight Damage On the Road

Cargo Insurance in Action: Covering Freight Damage On the RoadCargo owners often think that transporting goods by water as more perilous than shipping freight by land. Ocean travel covers thousands of miles over several weeks versus land distances, which are typically measured in hundreds of miles and days. The assumption, therefore, is that the road comes with fewer hazards due to the shorter transits. But making this assumption can be costly for those that don’t properly insure cargo – whether by water or land.

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