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Like ocean marine insurance, inland marine insurance has been traditionally less regulated in the United States. [3] Inland marine policies became known as "floaters" since the property to which coverage was originally extended was essentially "floating." The coverage has grown to include property that just involves an element of transportation.
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause." [2]
Marine insurance is always written on an occurrence basis, covering claims that arise out of damage or injury that took place during the policy period, regardless when claims are made. Policy features often include extensions of coverage for items typical to a marine business such as liability for container damage and removal of debris.
The state legislature created the Indiana Port Commission in 1961 to research and act upon opening maritime ports on Indiana's Lake Michigan shoreline as well as the Ohio River. [1] Ports of Indiana-Burns Harbor opened in 1970 and is located on Lake Michigan at the intersection of U.S. Route 12 and Indiana State Road 249. [2]
An inland port is a port on an inland waterway, such as a river, lake, or canal, which may or may not be connected to the sea. The term "inland port" is also used to refer to a dry port . Examples
The highest point in Indiana is Hoosier Hill, at 1,257 feet (383 m) above sea level in northern Wayne County. Rural areas in the central portion of the state are typically composed of a patchwork of fields and forested areas. The geography of Central Indiana consists of gently rolling hills and sandstone ravines carved out by the retreating ...
Insurance Company of North America (INA) is the oldest capital stock insurance company in the United States, [2] founded in Philadelphia in 1792. It was one of the largest American insurance companies of the 19th and 20th centuries before merging with Connecticut General Life to form CIGNA in 1982, and was acquired by global insurer ACE Limited (currently Chubb Limited) [3] in 1999.