The recreational vehicle industry suffered greatly from the high price of fuel early last year. According to the Recreational Vehicle Industry Association (RVIA), 2009 RV shipments are expected to be lower. As for the insurance industry, it is experiencing a slowdown, but things are not as bad for the insurance industry as for manufacturers and dealers. Matt Anderson, marketing director for Global Marine Insurance Agency, which insures only boats and boat and yacht dealers, says that the new boat market has been having difficulties for the last couple of years, and the worsened recession has made things even more difficult. Jim Park, director of sales and marketing for Seahorse Underwriters, a market dedicated to marine insurance business and designed specifically for agents, describes the current market for boat insurance as soft overall. Craig Schneider of Bruce V Schneider Associates says that the fall off in the sale of new boats hasn't affected his agency as yet.
RECREATION ON LAND AND SEA Phil Zinkewicz Rough Notes; Mar 2009; 152, 3; Docstoc pg. 58 Reproduced with permission of the cop
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