More Coverage Expected from New Federal Regs

Posted by Eric Haun
Tuesday, July 29, 2014

Legislation passed on Tuesday, July 29, 2014 by the U.S. House of Representatives will bring a benefit to improve insurance coverage at lower cost to companies and their workers in the recreational boating industry, said the Marine Industries Association of South Florida (MIASF), a trade organization dedicated to promoting, protecting and growing marine business jobs.

H.R. 3896 achieved this by amending the Longshore and Harbor Workers’ Compensation Act to provide a simplified definition of recreational vessels for purposes of the Act. The legislation was spearheaded and introduced last January by U.S. Rep. Debbie Wasserman Shultz of Florida. Cosponsors and industry supporters include Representatives Lois Frankel, Ilieana Ros-Lehtinen, Patrick Murphy, Mario Diaz-Balart, Ted Deutsch and Frederica Wilson of Florida, Tom Petri of Wisconsin, and Duncan Hunter of California.

“Members of Congress, especially Rep. Debbie Wasserman Shultz as the principal sponsor in the House, deserve the credit for protecting every boatyard, marina and subcontractor in the country and their employees,” said Kristina Hebert, president of the Marine Industries Association of South Florida and COO of Ward's Marine Electric based in Fort Lauderdale. She also noted that the recreational marine community has been encouraging Congress to make the legislative change dating back to 2002. 

“The recreational marine industry is very fortunate to have champions in Congress on both sides of the isle and in both chambers,” said Duncan Smith, who advocated the legislative issue on behalf of several marine industry associations. “The next step is the Senate where we hope to have expedited consideration of the bill, enabling it to move possibly before the upcoming August recess, or shortly thereafter.”

In addition to the Marine Industries Association of South Florida, other Fort Lauderdale-based groups that support the legislation are American Boat Builders & Repairers Association, Florida Yacht Brokers Association, and U.S. Superyacht Association. Additional support comes from LIG Marine Managers (St. Petersburg, Fla.), Marine Trades Association of Maryland (Annapolis, Md.), National Marine Manufacturers Association (Chicago), Northwest Marine Trade Association (Seattle), and Rhode Island Marine Trades Association (Bristol, R.I.).

In 2009, Congress passed Section 803 of the American Recovery and Reinvestment Act (ARRA) that expanded the exception for the recreational repair industry from the requirement to purchase higher cost workers’ compensation insurance under the Longshoreand Harbor Workers’ Compensation Act. In 2011, the Department of Labor issued a rule that contracted the exception, rather than expand it as Congress intended. Consequently, repair workers reverted to working without coverage due to the affordability and availability of the federal insurance.

A seemingly minor change, the term “recreational vessel” now means, “a vessel (i) being manufactured or operated primarily for pleasure; or (ii) leased, rented, or chartered to another for the latter's pleasure.” The less complicated language identifies who is and who is not eligible for getting state workers’ compensation coverage and therefore facilitates the issuance of marine insurance. The end result is expected to benefit both workers and businesses in terms of increased coverage and economic relief.

miasf.org
 


Legal

MN100: MOPS Marine License Insurance

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms,

OSV firm Farstad Continues Restructuring Talks

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Government Update

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance

White House Sees a Path to Approval of Pacific Trade Deal

The White House on Monday said it was hopeful it could win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office,

Insurance

MN100: MOPS Marine License Insurance

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0927 sec (11 req/sec)