News Releases

PHILADELPHIA--July 17, 2012--(BUSINESS WIRE)--With the hurricane season upon us, and experts at the National Oceanic and Atmospheric Administration (NOAA) predicting between 9 to 15 named storms this year,¹ it’s important for marina and yacht club owners to realize that a well thought-out emergency action plan can significantly reduce damage and assist in a rapid recovery.

ACE Marine Facilities Group, part of ACE Commercial Marine, has just released its Hurricane Emergency Checklist, which is designed for marina and yacht club owners and operators in high-risk hurricane and wind storm areas. It’s important to be prepared, because according to NOAA, this year there’s a 70 percent chance that 4 to 8 named storms may develop into hurricanes, while 1 to 3 could become Category 3 or stronger.² The entire marina community is advised to consider this checklist to create a comprehensive emergency plan long before the actual threat of hurricane landfall.

“ACE Marine Advisory Services’ specialists provide critical steps to take before, during and after a major storm that can help to minimize damage,” said Kim Finlay, Assistant Vice President, ACE USA Marine Facilities Group. “This tool provides critical checkpoints for protecting marine facilities and employees, as well as stored and owned vessels. Helping our marine clients as they create or update their hurricane preparation and response plans is part of our commitment to serving the marine community.”

To download a copy of the ACE Marine Facilities Hurricane Emergency Checklist, visit our website. ACE also offers valuable information on a wide range of safety and loss prevention topics for marina and yacht club owners, including a Marina Safety and Prevention Checklist.

The Marine Facilities Group is dedicated to the specialized insurance needs of marina and yacht club owners, premier boat dealers, boat builders and yacht brokers. ACE provides products and package offerings tailored to the unique exposures faced by marine facilities. ACE Commercial Marine’s suite of specialized coverages include cargo, commercial hull, marine facilities and marine liability, and delivers a full spectrum of commercial marine solutions, together with sophisticated loss prevention and risk management services provided by its affiliate INAMAR, which are designed for U.S. and global marine exposures.

For more information about ACE USA Marine Facilities products and services, please visit our website or contact Kim Finlay at Kimberly.finlay@acegroup.com. Marine Advisory Services are provided on a fee-for-services basis by INAMAR, Inc., Philadelphia, PA, a service company affiliate within the ACE Group. Marine Advisory Services also conducts loss control activities for underwriting purposes. Risk control and other activities conducted on behalf of the insurer are not intended as a direct benefit or service to ACE insureds.

ACE USA is the U.S.-based retail operating division of the ACE Group, and is rated A+ (Superior) by A.M. Best Company and AA- (Very Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.acegroup.com/us. The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at:www.acegroup.com.

¹ http://www.noaanews.noaa.gov/stories2012/20120524_atlantic_hurricane_season.html.

² Ibid.