This course will build on the AIMU Introduction to Hull Insurance course. Students will review in further depth and more broadly forms used to insure larger, more sophisticated brown water and coastal vessels, along with US internationally trading vessels. The course will review underwriting approaches for various classes of Hull business and compare the American Institute Hull Clauses with the London Institute Time Hull Clauses and other market forms. In addition to Hull, the course will cover in detail Increased Value, Collision/RDC, Builder’s Risk, and hostile acts coverage. The course will review market premium and loss statistics and discuss rating approaches including those based on the loss distribution curve approach. The course will also discuss the challenges of insuring evolving vessels designs and current insurance market trends.
Who Should Attend: Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers, and marine attorneys who have completed AIMU's Introduction to Hull Insurance and/or have had experience with Hull Insurance underwriting or claims.
Brian F. Murphy, CPCU, Vice President, Berkley Offshore Underwriting Managers
John E. Ellis, Head of Ocean Marine US, Sompo Canopius
The tuition is $330 members, $660 nonmembers. Fee cost includes continental breakfast, lunch, and handouts.
CE Credits: Approved for 6 CE Credits in NY, NJ, MA and TX for P&C Agents and Brokers license (for in-person attendees only). Also approved for 6 NAMS and SAMS Credits.
On-site Attendees: For on-site attendees, tuition includes continental breakfast, lunch, CE credits and materials provided on-site.
Distance Attendees: The course handouts and lecture notes will be mailed to Distance Learning Students in advance, along with log in codes.
Special Assistance: In Compliance with the American's with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings. Please call John Miklus at (212) 233-0550
Refund requests will be honored if received at least 48 hours prior to the scheduled start date. All refunds will be subject to a processing fee of 4%.
Program Features: Continental Breakfast; Lunch Handouts; Lecture Notes; Continuing Education Credits