Introduction to Recreational Marine: Underwriting & Claims (2 days)

From Wednesday 25 September 2024 -  10:00am
To Thursday 26 September 2024 - 05:00pm
     

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


Overview:  This course will consist of four sections. Please see description below.

Who Should Attend: Underwriters, brokers, claims adjusters, agents, brokers, attorneys, and professionals in a related marine insurance field

Continuing Education Credits: 
NAMS/SAMS:
11 Credits

State Insurance Departments:
11 CE credits in FL, MD, NY, RI, TX (All pending approval)

COURSE OUTLINE

TOPIC INSTRUCTOR
Recreational Boat Manufacturing: Underwriting
Ground up review of underwriting recreational boat manufacturing risks. The discussion will range from risk selection to final delivery with touchpoints on underwriting the build process, quality control, and vendor exposures to the manufacturer. The format will welcome the feedback of the attendees providing the opportunity for everyone to share thoughts to broaden the topic and path to learning.
Thomas F Craig III
Managing Director
Ocean Marine
Travelers
Loss Prevention & Claims
Common exposures and associated controls found within recreational boat manufacturing operations including Overview of different types of recreational watercraft; Different types of manufacturing processes for steel, aluminum, fiberglass, and wooden boats; Property controls to include CAT hazards, fire, theft, etc.; Engineering controls to include design, material, horsepower, warning labels, etc.; Quality control / quality assurance controls for vessels as they progress through the manufacturing process; Considerations given to outside vendors products being installed to include testing, warranties, warning labels, supplied manuals, etc.; Sea trial procedures for completed vessels to include any training offered to customers; Potential exposures to claims after a boat is delivered stemming from completed operations, construction defects, product liability, etc.; Other boat builder exposures to include boat shows, boat delivery, rental programs, parts storage, tours, etc

Kyle Haley
Marine Risk Control
Travelers
Yachts Underwriting & Claims
During this three-hour session, you will get a deep look into yacht insurance and all the different components that go into the underwriting and the risk selection process. We will delve into such topics as: the insured (ownership / experience), the different vessels (types / lengths / configurations, construction), captain / crew roles, geographical navigation, operation/use (private pleasure vs. chartering), weather forecasting /storm planning, coverages (Hull, P&I, Additional Coverages & Exclusions). We will also dedicate some time towards common and uncommon claims / losses.
Sue Cacoilo
Luxury Yacht Manager / Ocean Marine Luxury Yacht Division
Great American Insurance Group
Marinas and boat dealers Underwriting & Claims This section is designed to provide an understanding of the unique risks faced by marinas and boat dealers and how to effectively manage these risks through underwriting and claims practices. The course will help participants identify the various exposures faced by marinas and boat dealers and the risk management controls that can be implemented to mitigate these risks. We will explore the various coverages, including those found in property and casualty policies and marine insurance, and review key policy terms and conditions typically found in each. The course will incorporate case studies that highlight specific coverage and claims scenarios. Kim Finlay
Senior Vice President
Marine Facilities Industry Practice Leader
Chubb

 

Program Features: Electronic handouts 

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 in-person at 14 Wall Street, Suite 820

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