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All Solar Panel Bonding Requires Surety Approval

The strategic significance of development and promotion of renewable energy in the twenty-first century has profoundly affected the solar panel industry worldwide. Increased foreign production in this key sector has generated heightened sensitivity to international competitive factors, in turn spawning special tariff measures to ensure a level playing field for all. U.S./China trade has been materially impacted by the foregoing. The first set of U.S. ADD/CVD orders (A-570-979 and C-570-980) on solar panels and cells from China was published in late 2012. Those orders do not apply to panels produced in China from cells originating in a third-country, but they […]

July 07, 2015

Industry Insights

Webinar: The FDA’s Proposed Food Safety Regulations: Implications for Shippers, Cariers and Their Insurers

On February 5, 2014, the USFDA published proposed regulations under the Sanitary Food Transportation Act of 2005 and Food Modernization Act of 2011. They are expected to be effective in the Spring of 2016. These regulations represent significant and substantial change for sanitary food transportation practices as well as the requirements for shippers and receivers, and carriers by motor vehicle and rail. This webinar will explore USFDA regulations and how they impact shippers, receivers and carriers by motor transport and rail. Key issues related to insurance will be addressed as well. Now is the time to begin making preparations to comply so make plans […]

July 06, 2015

Events

Don’t Let E&O Claims Compound Profit Losses

Forwarders are struggling to maintain profitability as freight rates on some major container routes continue their dive, according to the Journal of Commerce (joc.com). Profit margins, typically tight, especially in Asia-Europe trade, are being hit by new record lows for spot prices. Rates are changing daily, and there is heavy quoting and bargaining that is eating up forwarders’ time as they try to keep and win business. Almost 80% of companies are experiencing higher price pressure this year than last, a study by Simon-Kucher & Partners found. Almost two thirds of survey respondents said they are suffering from price wars. […]

July 02, 2015

Industry Insights

Independence Day Hours

  In observance of Independence Day, our offices will close at 3:00PM on Thursday, July 2nd and will remain closed on Friday, July 3rd. We will re-open on Monday, July 6th at 8:30AM. From all your friends at Roanoke, we wish you a safe and memorable holiday weekend!

June 30, 2015

Industry Insights

Fourth of July Weekend: Holiday Awareness

  On Monday, June 29th FreightWatch International released the following report as a guide for how to prepare for this holiday weekend: Description: Holiday weekends are notorious for showing increased cargo theft risks for transportation companies, shippers, and manufacturers.  Organized theft rings are active and understand holiday weekends cause shipments to be unattended for extended periods of time. Thefts occurring over Independence Day weekends between 2010 and 2014 had an average value of $145,267, including eight separate incidents with a declared value over $250,000. Recommendation: FreightWatch International recommends that logistics and security professionals ensure security protocols are up to date and in line […]

June 30, 2015

Industry Insights

How the Additional Insured Clause Works in a Policy

An additional insured clause is attached to a third-party liability policy for the purpose of extending the coverage provided by that policy to the party named in the clause.  An additional insured clause is commonly requested along with evidence of various types of insurance in conjunction with a contract or agreement. For example, Party A leases office space from Party B. Party B requests that an additional insured clause be attached to Party A’s commercial general liability policy in favor of Party B.  An individual slips in the building, breaks an ankle, and subsequently files a claim against both Party […]

June 29, 2015

Industry Insights

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

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