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If you love cruising the open waters, fishing or just docking-and-dining, buying a boat may seem like a great idea. While boat costs vary significantly, you can expect to pay anywhere from $15,000 ...
The Farm Bureau also owns crop insurer American Farm Bureau Insurance Services, formed in 1995. [68] AAIC began selling crop insurance in 1997. [69] In 1999, the AAIC purchased Nationwide-Re as part of its plan to expand into Non-Farm Bureau premium writings. The AAIC is a reinsurer primarily assuming business from Farm Bureau insurance ...
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]
State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. Founded in 1922, it is the largest property, casualty, and auto insurance provider in the United States.
The Yacht Safety Bureau, Inc. (YSB) was a non-profit corporation organized under the membership corporation law of the State of New York that provided safety and testing standards for the marine industry in the United States. Located in Westwood, New Jersey, the YSB developed boat safety tests, developed test equipment for these tests, and ...
Fireman's Fund Insurance Company. 201 F.2d 833 (5th Cir. 1953); cert. granted, 347 U.S. 950 (1954). State law, rather than federal admiralty law, should govern marine insurance contracts. Wilburn Boat Company v. Fireman's Fund Insurance Company, 348 U.S. 310 (1955), is a United States Supreme Court case in which the Court held that state law ...
An independent marine surveyor may be asked to carry out a wide range of tasks, including examining a ship's cargo or onboard conditions such as fuel quality; investigating accidents at sea (e.g., oil spillages or failure of machinery or structures which are not considered to be critical); and preparing accident reports for insurance purposes ...
A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil ...