BOATUSBoat Owners Association of The United States
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BoatUS said that this was "strikingly close" to 2012's Superstorm Sandy, which remains the single largest industry loss with more than 65,000 boats damaged and more than $650 million in estimated losses.
Jim Holler, senior vice president, planning and analysis for BoatUS, notes that over the past few years, more boaters are needing higher coverage limits for both General Liability and pollution when docked at municipal or private marinas.
BoatUS underwrites policies primarily through Chicago-based CNA Financial, a subsidiary of Loews Corp.
Boat Owners Association of The United States (BoatUS), a US association of recreational boaters, has selected Sprint Nextel (NYSE:S), a provider of wireless and wireline communications services, as the exclusive wireless partner for its members.
BoatUS will refund the entry fee up to $500 to anyone forced to withdraw from the competition due to their boat and/or trailer being damaged by a covered loss.
BoatUS surprisingly reports the deadliest fishing area is actually here in New England's ground fish waters.
BoatUS estimated Irene caused $500 million in recreational boat damage along the entire coast.
Note that if you take your boat to the Bahamas, Mexico or any other foreign port, the MMSI through BoatUS is not what you want: You're required to obtain a Ship Station License from the FCC.
I was recently shocked to learn from BoatUS that we may soon lose critical GPS navigational dependability if a proposal goes through allowing a private company to use a radio frequency bandwidth that's right next to the existing GPS radio bandwidth.