Advanced Protection and Indemnity Insurance Class (1 day)

Tuesday 13 December 2022, 10:00am - 05:00pm
     

Virtual Event - REGISTER HERE

About the AIMU Virtual Classroom
AIMU utilizes the GoToWebinar and GoToTraining platforms, which allow full attendee engagement through Q&A and chat panels, and interactive polling with video engaged for all instructors. Attendees can ask questions in real time and share experience and information with other students in the class. All classes are instructed by subject matter experts who are leaders in their individual fields. Each class is designed with 50-minutes of instruction followed by a 10-minute break, as well as a one-hour lunch break for a full-day class.

 

This course is intended to provide an in depth look at Protection and Indemnity underwriting and is a complement to the AIMU Introduction to Protection and Indemnity course. Students will go into a detailed review of forms and clauses as well as examine their implications to the risk. It will address, on an advanced level, the rationale for rating. Manuscript policies and the implications of certain additional clauses will also be discussed. Attendees should have previous experience with P&I and be ready to actively participate in discussions regarding the subject and how it relates to their field.

Course Outline:

 Introduction

Policy Form

  1. Form Comparison
  2. Exclusions
  3. Form Use

Pollution Liability

  1. Federal Law
  2. State Law
  3. Pollution Exclusion and Buy Back
  4. WQIS
 
 Rating P&I
  1. Exposure Rating
  2. Loss Rating
    1. Loss Development
    2. Exposure Change
    3. Large Loss
    4. “As If”
    5. Loss Rating Exercise
    6. AAD
 Contractual Agreement
  1. Waiver of Subrogation
  2. Indemnity Agreement
  3. Release Agreemenent
  4. Knock for Knock” Agreements
 Loss of Life/Bodily Injury
  1. Death on the High Seas Act (DOHSA)
  2. General Maritime Law
  3. Jones Act
  4. State Law

P&I Clubs
War Risk P&I/Second Seam
 
“Misdirected Arrow”

  1. What is it?
  2. How does it affect the policy?

Statutory Coverages

  1. USL&H
  2. MEL
  3. Jones Act
  4. OPA

Terrorism and TRIA as relates to P&I
Discussion and Questions 

Who Should Attend:  Insurance company underwriters and other marine professionals who have completed AIMU's Introduction to Protection and Indemnity Insurance and/or have had experience with Protection and Indemnity underwriting or claims.

The tuition is $200 members, $400 nonmembers. 

Instructors:  
Tracy Ann Kiffer, VP - The Hartford
Curt Browder, AVP -  CoAction Specialty Insurance Group

CE Credits:  Approved for 6 CE Credits in NY, NJ; applyig in TX for Agents and Brokers license.
Also approved for 6 NAMS and SAMS Credits.

Program Features: Handouts; Lecture Notes; Continuing Education Credits

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.

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 aimu@aimu.org

AIMU reserves the right to postpone, cancel, or amend a class schedule at any time.

Location Remote option only

Contact Elvira Rodin at erodin@aimu.org