What QuarkXPress calls a Runaround, InDesign calls a Text Wrap. In QuarkXPress, every object has a runaround turned on by default. In InDesign, all objects have text wrap turned off by default.
QuarkXPress runarounds only work if the order in which objects are stacked on the page is correct. InDesign text wraps work regardless of the stacking order of objects.
In InDesign CS2, if an object on a Master Page has a text wrap applied, it will only affect text frames that are also located on the master page. Text on document pages cannot wrap around master page items. A new feature of InDesign CS3 is the ability to choose whether text wraps applied to master page objects affect document page text. This option is located in the Text Wrap panel menu.
In InDesign, if you need to have a text wrap applied to a graphic frame, but then you need to put some text in a frame on top of the graphic, do this: select the text frame that you want to put on top of the graphic, right-click, and choose Text Frame Options from the context menu. Select the Ignore Text Wrap option in the Text Frame Options dialog box, and click OK. This will cause the text frame to ignore any text wrap that may be applied to other frames it encounters.