Cross Border B-1 drivers offer incredible value to US/Mexico/Canada or what we now call USMCA trade. So much so, I point out in the following article that insurance markets who have historically denied B-1 risks are changing their appetite: https://lnkd.in/gTB9NxWh
Mark Vickers’ Post
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As insurance professionals and informed consumers, it's crucial to recognise the implications of 'grey' vehicles. These illegally imported cars often bypass safety standards and customs regulations, leading to significant risks, including a lack of insurance cover. Stay informed and ensure you and your clients are protected from these hidden dangers. #InsuranceProfessionals #GreyVehicles #VehicleSafety #InsuranceRisks #StayInformed
Understanding the Risks of Illegally Imported ‘Grey’ Vehicles
https://integrisure.co.za
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Clarification on Insurance Amount and Bond Value for Customs Cargo Service Providers (CCSPs) and validity of Bond for AEO-LO-reg. #CBIC #Customs #insurance #Bond #Updates
Clarification on Insurance Amount and Bond Value for CCSPs – CA Cult
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De-tariffication – IRDAI – Effect from 1 April 2024 The IRDAI has exercised its authority under section 64 ULA of the Insurance Act, 1938. All existing tariffs previously notified by the erstwhile Tariff Advisory Committee (under the omitted section 64UC of the Act) are de-notified and no longer in effect. This includes tariffs related to Fire Insurance, Motor, and Engineering Insurance . #IRDAItariff #InsuranceReform #FinancialInclusion #InsuranceMarket #PolicyholderChoice #ProductInnovation #PriceCompetition #ConsumerAwareness #RegulatoryOversight
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General Partner at Automotive Ventures | Author of the book "The Future of Automotive Retail" | Author of the weekly "Intel Report": sign-up at automotiveventures.com
Auto insurance is poised to become even more expensive under President-elect Donald Trump’s plan to impose new tariffs on top US trading partners. About 60% of replacement parts used to repair cars in the US are imported, mainly from Mexico, China and Canada. New tariffs would increase the cost of parts, which account for about 40% of the average total repair bills borne by insurers, and would prompt them to eventually increase rates. https://lnkd.in/eUrwsUgK
Auto Insurance Costs Seen Rising Further With Trump Tariffs
bloomberg.com
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Cargo insurance is not just a safety net for goods in transit; it's a shield of trust that bridges the gap between risk and reliability, ensuring smooth journeys and peaceful transactions in the world of commerce #cargoinsurance #import #export #trade
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A critical to learn and make sure you have! Cargo Insurance is paramount when engaging in international trade, and it is often overlooked. Learn more here: 🔗 https://hubs.ly/Q02FxyzV0 #LogisticsGlossary #LogisticsMadeSimple #KerryLogisticsOceania
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What's in your freight forwarder insurance policy? From cargo damage to customs delays, ensure you're covered. Knowing what's included—and what isn't—can save your business from unexpected costs. Here's what you need to know: https://hubs.ly/Q02JdTMj0 #freightforwarders #freightforwarding #logistics
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What's in your freight forwarder insurance policy? From cargo damage to customs delays, ensure you're covered. Knowing what's included—and what isn't—can save your business from unexpected costs. Here's what you need to know: https://bit.ly/3XfpdLh #freightforwarders #freightforwarding #logistics
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Every carrier has at least once encountered delays at customs or damage to goods during delivery. That is why it is so important to always insure cargo before shipping. The following aspects will be considered in the new article: — what are the types of insurance contracts for cargo transportation; — what does the cost of cargo insurance depend on; — how to protect yourself from risks, customs problems and other unforeseen circumstances. Read at the link: https://lnkd.in/gKFt-YwD
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⚓️ Securing Your Shipments – the Critical Role of Cargo Insurance in Modern Trade In an increasingly interconnected global economy, the safety of goods in transit has never been more important. John S. James Co., a leader in U.S. customs brokerage and freight forwarding, highlights the essential nature of cargo insurance in our latest blog post. Discover the risks your shipments face and learn why cargo insurance is not just an option, but a necessity for businesses looking to protect their interests and ensure peace of mind in the logistics process. #CargoInsurance #FreightForwarding #JohnSJamesCo #Logistics #GlobalTrade #SupplyChainSecurity #RiskManagement #ShippingSafety #TradeInsights #BusinessProtection #Insurance #Wednesday #Blog #Article
Importance of Cargo Insurance
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