Industry Insights

By Jim Nerger, Vice President, Roanoke Trade While most collision damage waiver (CDW) or loss damage waiver (LDW) fees are considered by many to be outrageous, consumers are best advised to purchase the CDW/LDW when renting a vehicle. These waivers may protect you against thousands of dollars in charges not covered under your personal auto policy. Since your auto insurance will likely cover things the rental agreement waiver won’t, having both is advisable. Following are ten reasons to purchase the CDW/LDW: 1.  Loss Valuation The value of a rental car, according to virtually all rental agreements, is determined solely at the discretion of the rental […]

The clarion message from hackers today is that no company – large or small – is immune from cyber attacks, with their methods increasingly more sophisticated and targeted against those firms that transact a wealth of data online. This includes the transportation sector, which ranked fifth as the most cyber-attacked industry in 2016, according to IBM’s Cyber Security Intelligence Index. As an example, we witnessed earlier this year the attack that caused network outages against A.P. Moller-Maersk and cost the shipping company $300 million in third-quarter profits. What this far-reaching incident underscored for many in the industry is that if […]

Roanoke is pleased to announce the recent appointment of Amanda Barlow, Vice President of ATA Carnet for Roanoke Insurance Group Inc., to the District Export Council of Southern California (DECSC), one of more than 60 DECs that exist throughout the country to support the U.S. Government’s export promotion efforts. Amanda joins fellow Roanoke colleague, Theresa Garcia, as a DEC member. Theresa, Roanoke Insurance Group’s Vice President, Marketing & Sales Support, is a member of the DEC in Houston, and serves as Education Committee Chair. DECs are organizations of business leaders from local communities, appointed by various U.S. Secretaries of Commerce, […]

The trifecta of hurricanes that made landfall in 2017 – from Harvey to Irma and Maria, along with other natural catastrophes, such as severe flooding in Southeast Asia and the earthquake in Mexico – is estimated to cost the insurance industry $135 billion. Overall losses, which also include uninsured losses, are estimated at $330 billion, the second-highest figure ever recorded for natural disasters, according to a recent catastrophe review by Munich Re, parent company of Roanoke Trade. While the insurance industry is stepping up to help businesses and residents recover from their devastating losses, the fact remains that many unfortunately […]

  The Foreign Trade Association (FTA) has named Roanoke Insurance Group Inc.’s Glenn Patton as their 2018 FTA President. Mr. Patton has been on the Executive Board of Directors for the Foreign Trade Association of Southern California since 2011 and has been an active member of the organization since 2002. Prior to earning his presidential seat, he served as Treasurer, 2nd Vice President and 1st Vice President. The Foreign Trade Association’s mission is to promote, foster and encourage international commerce and economic growth. The FTA wants to educate and conduct high quality and timely meetings, seminars and conferences for the purpose of […]