Industry Insights
Update: Terrorism Insurance Reauthorization and Transportation Industry In April, we spoke about the looming expiration of the government-backed Terrorism Risk Insurance Act (TRIA), set for December 31st, 2014. Just last week, there was some progress made on this front with the Senate voting to extend TRIA. Senators voted 93-4 to extend the program through 2021, […]
Logistics Providers, Transportation Firms: Mitigating EPL Exposures All employers of any size across every industry sector, including the logistics and transportation industries, are vulnerable to employee-related lawsuits arising from alleged employment practices violations. This is particularly so in an environment in which the EEOC (Equal Employment Opportunity Commission) has stepped up its actions to investigate […]
Roanoke Insurance Group regularly checks on the status of the requested re-exemption for ATA Carnets from the Electronic Export Information (EEI) filing requirement under the new Foreign Trade Regulations. As of today we still have no response on the status and thus no further update to share. We can tell you that US Census has released their official FAQ on how ATA […]
Cargo Insurance and ISFs: Implications West Coast Shippers Should Consider Negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) continue as the current contract expired on June 30th. Presently, according to a statement by the PMA, while there will be no contract extension, “cargo will keep moving, and normal operations […]
It’s been seven weeks since CBP’s internal memo to seaports resuming limited liquidated damage (LD) enforcement on ISFs. NCBFAA and the International Trade Surety Association (ITSA) requested a copy of the directive but CBP has declined to provide it. CBP maintains that an FAQ Addendum posted to their website sets forth the pertinent elements of the directive. […]
Inside the Intangible Benefits of Cargo Insurance Cargo insurance is a vital risk management tool for cargo owners and in some cases affords a degree of protection for transportation intermediaries as well. In addition to the potential profits associated with providing clients with Cargo insurance coverage, transportation intermediaries should also consider the intangible risk management […]