Yacht Insurance Fundamentals: Underwriting & Claims - 6 CE credits

Thursday 07 May 2020, 09:00am - 04:00pm

American Institute of Marine Underwriters & Ft. Lauderdale Mariner Club collaborate to offer remote training!

Remote option only


This course will cover yacht insurance and risk selection that encompasses pleasurecraft of any length. Attendees will study the Marine Insurance Policy: policy definitions, terminology, physical damage, liability and protection and Indemnity (P & I) coverages; the Risk Selection part of the program including underwriting concerns, Vessel Ownership, Coverage Extensions. The class will include claims review and the use of the pleasurecraft surveyor report, claims including Hull Losses, Storm Planning/Hurricane Proof Facilities, Third-Party Losses (injuries, collisions, other property damage), Claims and Effect on Loss Ratio; Target Loss Ratio, LAE, ULAE Expense Ratios, Development Tails/Trends, Combined Ratio Results; Other Considerations including Crew and Operators, Aggregation of Limits, National CAT, Concentration of Values, Surveys, Reinsurance: Treaty & Facultative, Excess P&I and P&I Clubs.

Who Should Attend:
Underwriters, brokers, claims adjusters, attorneys, insureds and others in the marine insurance industry.

Rick Salway, Great American, Luxury Yacht
Mark Smieya, Claims Manager, Ocean Marine Claims, Travelers

Continuing Education Credits:
6 SAMS Credits; 6 NAMS Credits

State Insurance Departments:
Approved for 6 CE remote credits in FL. Applying in NY, NJ, TX.

AIMU Certificate of Marine Insurance: Completion of this class can be credited toward AIMU COMI

9:00 am - instruction
12:00pm - virtual lunch with Q&A session
1:00pm - instruction
4:00pm - class ends

Refunds/Cancellations/Substitutions: Refund requests will be honored if received at least 48 hours prior to the scheduled start date. Cancellations received after the refund deadline and "no shows" are subject to the full registration fees. Substitutions may be made by notifying AIMU via email. Please contact Elvira Rodin at erodin@aimu.org.

Contact Elvira Rodin at erodin@aimu.org
For questions about educational credits, contact our Education/Training Specialist, Eileen Monreale
Office phone: 212-233-0550
Emails: emonreale@aimu.org