NOMMA News & Events
Join fellow NOMMA members at the October NEF PRO event and learn how to use your unique style to get the most from recruiting, hiring, and staff management. The two-day course will feature in-depth classroom education on day one, and a shop tour and demonstrations at Foreman Fabricators, Inc. on day two.
Visit https://www.naylornetwork.com/nom-nwl/articles/index.asp?aid=581216&issueID=63222 to view the full article online.
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Member News
NOMMA will have a booth at FABTECH 2019, held at McCormick Place from November 11-14. We’re doubling our presence at the show by sending staff and elevating the booth to make our presence known! FABTECH is where industry experts come together to find out what's now, new, and next for their profession. Take advantage of networking, cutting-edge exhibits, expert-led educational sessions, and much more. Watch the FABETCH video and visit www.fabtechexpo.com to learn more. Visit https://www.naylornetwork.com/nom-nwl/pdf/FT19_021_FreeExpoPass_VFP.pdf to view the full article online.
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The Metal Museum's biggest event of the year is just around the corner! Each fall, the museum welcomes more than 100 metalsmiths from across the country to take part in a weekend of fine art, learning and collaboration in Memphis.
Artists repair metal objects brought in by community members, and proceeds go toward the annual programming offered by the museum throughout the year, including educational initiatives, new exhibitions, and artist residency programs.
There are many ways you can get involved! Consider becoming a Friend of Repair Days, buying tickets to the Dinner + Art Auction, donating artwork to the Auction, becoming a corporate sponsor, volunteering, or simply bringing in something for the metalsmiths to repair. View the full schedule and learn all about how to get involved at metalmuseum.org/repair-days. Visit https://www.naylornetwork.com/nom-nwl/articles/index.asp?aid=581148&issueID=63222 to view the full article online.
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Freight Shipping Best Practices
Our September Roundtable centered on strategies for successful freight shipping. Chris Morris provided several key tips, including the following:
- Look for opportunities to route your own freight from suppliers
- Invest in proper packaging, which helps prevent issues that lead to claims
- When shipping LTL, ensure that you have the proper class: don't overpay, and try to have an accurate quote so you aren't back-charged unexpectedly
- Hot shots cost less than full-size flatbeds (ask yourself: is my shipment under 30'?)
- LTL carriers have different levels of security in shipping. Be careful shipping finished goods with an economy carrier!
Missed the Roundtable? Listen to the recording at www.nomma.org/roundtable. Visit https://www.nomma.org/roundtable to view the full article online.
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Featured Stories
The tariff battle between the U.S. and China continues to dominate news headlines. But away from the spotlight, duties already in existence for imported aluminum and steel products continue to trend upward. The additional costs are having a significant impact on many American manufacturers, many of whom are adjusting their supply chains to cope. States in which aluminum and steel imports declined most significantly from 2017-2019 are among the largest importers of tariffed aluminum and steel products this year.
Visit https://www.usnews.com/news/best-states/articles/2019-09-16/tariffs-on-steel-aluminum-impact-these-states-the-most to view the full article online.
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The Council of Insurance Agents & Brokers recently completed its Commercial Property/Casualty Market Report for Q2 2019 (April 1 – June 30). Below are some key takeaways from its findings. View the chart report of premium rate changes by line of business here.
- Premium pricing across all-sized accounts saw moderate increases in Q2 2019. Pricing for medium-sized accounts increased the most in comparison to large and small accounts.
- All lines of business, with the exception of Workers’ Compensation, experienced slight-to-moderate pricing increases in Q2 2019. Commercial Property and Commercial Auto were hit the hardest in Q2, with increases of 8.5% and 8.4%, respectively.
- Cyber was again top of mind for respondents’ clients in Q2 2019, with 74% of respondents reporting an increase in demand for cyber insurance.
- “Future premium increase” was by far the greatest concern to clients in Q2 2019, with 78% of respondents naming it as a top-three client concern, in line with the uptick in premiums recorded this quarter. “Cyber risk” and “limitations on coverage” were also sources of client anxiety, with 56% and 40% of respondents identifying them as a top-three concern, respectively.
If you are a NOMMA member seeking more insight into these and other insurance topics, contact Andrew Stergiou with Alliant Insurance Services, Inc. at astergiou@alliant.com or (212) 603-0321. Visit https://www.naylornetwork.com/nom-nwl/pdf/Alliant-Mesirow_State_of_the_Market_2019_Q2.pdf to view the full article online.
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NOMMA's Member Savings Program is one of the many benefits offered to NOMMA members, and helps save you and your company thousands of dollars each year. This program provides connections to many discounts that can help reduce both your operating and business expenses. Enrollment in MSP is free and exclusively offered to NOMMA members. Featured Savings: Office Depot
Shop smart with this month's exclusive specials at Office Depot. NOMMA Member Savings Program members can take advantage of savings up to 56% off! If you are a NOMMA member and are not currently enrolled in NOMMA's Member Savings Program, contact Mark Schiavone at (303) 963-6050 or mark@membersavingsprogram.com. Visit https://tinyurl.com/ybno7fsr to view the full article online.
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NOMMA Career Center
Construction and engineering projects are experiencing signifcant growth globally. At the same time, projects are now larger, costlier, and often more complex, which means there is more to lose than ever before if something goes wrong on the job. As Allianz Global Corporate & Specialty (AGCS) reports, there are several important factors that frequently lead to large losses in engineering and construction projects around the world, including natural catastrophes, supply chain losses, and technological impacts.
Visit https://www.insurancebusinessmag.com/us/news/cyber/key-causes-of-engineering-and-construction-insurance-claims-176675.aspx to view the full article online.
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