REGISTER HERE - Remote and in-person attendance available (limit of 20 people in class)
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. Classes are instructed by subject matter experts who are leaders in their individual fields.
Location for the in-person attendees:
14 Wall Street, Suite 820
New York, NY 1005
Description:
This introductory class will cover types of coverage, risk analysis, underlying requirements, bumbershoot form review, excess liability rating, account structure and other underwriting considerations.
Who Should Attend: Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers, and marine attorneys who have an interest in this topic or would benefit from professional development.
Instructors:
Tracy Ann Kiffer, The Hartford
Tracy Markowski, RB Jones
Continuing Education Credits:
6 credits in NY and TX; 7 credits in NJ
COURSE OUTLINE
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Coverage Types
The history of bumpershoot (origins)
Following form excess
The drop down clause and Aggregate Limits
Forms and retention wording
Insured under the policy
Understanding bumbershoot liabilities
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Risk Analysis
Understanding Different Operation Types
Role of Statutory Workers Comp
Employers Liability
Marine Exposure
Marina Operations
Operational Expense
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Underlying Requirement
Type of Underlying Policies
Reading the primary policy
Acceptable Underlying Limits
Probably Maximum Loss and Loss Severity
Underlying Policy Deductibles and Aggregates
What is not covered by the underlying
Underlying Policies that Should Not Be Scheduled
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Bumbershoot Form Review
Insuring Agreement
General Conditions
Definitions
Exclusions
Primary Policies
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Excess Liability Rating
Reviewing General Rating Approach
Risk Modeling and its Application
Reviewing Layered Rating Approach
CAT exposures and modelling
Discussing Minimum Premiums
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Account Structure
Bumbershoots Over Bumbershoots
Umbrellas
Exhaustion of underlying aggregate limits
Non-Marine
Writing Primary and Excess
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Other Underwriting Considerations
ERISA
Employment-Related Practices
Workers Compensation and Similar Acts
Fraud, Infidelity, Criminal Acts
Occupational Disease
Case Study and Wrap up
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Program Features: Electronic Handouts & Lecture Notes
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 A. 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.
Attendees are not permitted to record, share, copy, or distribute any AIMU education.
Location virtual and limited in-class at 14 Wall Street, 8th floor, New York, NY 10005
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