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Property Not Covered

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A m e r i c a n A s s o c i a t i o n o f I n s u r a n c e S e r v i c e s ... Longest haul. Percentage of shipments over 500 miles ... Long Haul (over 200 miles) ... – PowerPoint PPT presentation

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Title: Property Not Covered


1
Motor Truck CargoLoss Control and Rating
Bruce Dalrymple, President, Marine Solutions
Group Robert Guevara, VP Inland Marine,
AAIS May 25, 2005 Audio Dial 877- 326 -
2337 Conference ID 6767530
2
Before We Begin
  • Interactive seminar
  • View PowerPoint presentation over Internet
  • Hear commentary over telephone
  • Raise questions verbally or by chat function
  • To use chat Click Exit Full Screen
  • To go back Click View, select Full Screen
  • Speed at which slides appear depends on--
  • Your Internet connection
  • Your computers speed
  • Your servers speed

3
Before We Begin, cont.
  • Please adhere to antitrust guidelines
  • Observe guidelines at all times
  • When communicating by phone
  • When using chat function
  • Our presenters
  • Bruce Dalrymple, president, Marine Solutions
    Group, Acworth, Ga.
  • Robert Guevara, vice president for inland marine,
    American Association of Insurance Services

4
Loss Control
  • TYPE OF AUTHORITY
  • Motor Carrier Number (MC)
  • - Authorized for hire
  • - Exempt for hire
  • - Private
  • - Freight broker
  • - Freight forwarder
  • USDOT number

5
Loss Control, cont.
  • TYPE OF CARRIER
  • Truckload
  • Less than truckload
  • - Shippers load count
  • - Driver load count

6
Loss Control, cont.
  • COMMODITIES TRANSPORTED
  • Clothing Electronics
  • Tobacco (finished) Pharmaceuticals
  • Alcoholic beverages Tires
  • Steel Machinery
  • Oversized Shipments Automobiles
  • Boats Mobile Homes
  • Intermodal Shipments Haz Mat, plus others

7
Loss Control, cont.
  • Application verification
  • FMCSA/SAFER verification

8
Loss Control, cont.
  • AREA OF OPERATION
  • Geographic regions
  • Cross borders
  • - Mexico
  • - Canada

9
Loss Control, cont.
  • AREA OF OPERATION
  • High cargo theft/larceny cities
  • - Los Angeles - Miami
  • - New York City
  • Longest haul
  • Percentage of shipments over 500 miles

10
Loss Control, cont.
  • DRIVER INFORMATION
  • Company drivers or owner operators
  • Does selection process include
  • - MVR checks
  • - Drug tests
  • - Current D.O.T. physical
  • - Driving test
  • - Reference checks
  • - Background checks

11
Loss Control, cont.
  • DRIVER INFORMATION
  • Wages based on
  • - Mileage
  • - Revenue
  • - Salary
  • Does driver orientation include
  • - Accident reporting
  • - Training for commodity transported
  • - Review of D.O.T. regulations

12
Loss Control, cont.
  • VEHICLE INFORMATION
  • Number of owner leased vehicles
  • - Delivery vans/straight trucks
  • - Tractors
  • - Trailers

13
Loss Control, cont.
  • VEHICLE INFORMATION
  • Type of Trailers
  • - Van
  • - Reefer
  • - Tanker
  • - Flatbed/Lowboy/Gooseneck
  • - Auto-Rack

14
Loss Control, cont.
  • VEHICLE INFORMATION
  • Trailer doors
  • - Sealed
  • - Locked
  • GPS equipment
  • Engine kill switches

15
Loss Control, cont.
  • TERMINAL INFORMATION
  • Address
  • Construction

16
Loss Control, cont.
  • TERMINAL INFORMATION
  • Protection
  • - Fire extinguishers
  • - Sprinklers
  • - Central station alarm
  • - Fencing
  • - Lighting
  • - Security guards
  • - Camera surveillance

17
Loss Control, cont.
  • TERMINAL INFORMATION
  • Storage of merchandise in transit
  • - Terminal
  • - Docks
  • - Yard

18
Loss Control, cont.
  • OTHER INFORMATION
  • FMCSA/Safety Compliance Rating
  • FMCSA/Safety Evaluation Areas (SEAs)
  • Reefer units
  • - Manufacturer
  • - Maintenance frequency
  • - Who performs maintenance
  • - Smart reefers

19
Loss Control, cont.
  • OTHER INFORMATION
  • Spotted trailers
  • Unattended vehicles
  • Tarping
  • Load securement procedures
  • Tractors have sleepers
  • Gross transportation revenues for prior year
  • Loss history-5 years

20
Loss Control, cont.
  • MARINE SOLUTIONS GROUP
  • Major Reduction of Internal Expense spending
  • - Cost Per Survey 150 to 275
  • - Cost Per Supplement 75
  • Reduction of Loss Ratio
  • Application Verification
  • Expertise
  • IMUA Transportation Committee Membership

21
Loss Control, cont.
  • SAMPLE SURVEY FORMS
  • AVAILABLE UPON REQUEST

22
Loss Control, cont.
  • Survey forms provided in Inland Marine Guide
  • AAIS Inland Marine Guide
  • Policy forms, rating procedures, underwriting
    guidelines
  • Construction, transportation, EDP, DIC, and more
  • Traditionally nonfiled classes materials filed
    where required
  • Includes materials for MTC liability and
    shippers cargo
  • MTC phone survey
  • Word document with macros
  • Word document without macros

23
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24
Rating
  • MTC RATING
  • Revised Rating Procedures
  • New Rating Worksheets
  • New Electronic Rating Worksheets

25
Rating Procedure
  • REVISED RATING PROCEDURE
  • Rating Steps For New Coverages
  • Additional Risk Modifications
  • Expanded Risk Characteristics

26
Rating Procedure, cont.
  • PREMIUM DETERMINATION
  • Per Vehicle Rating
  • - Receipts 500,000 or less or
  • - Less than 10 power units

27
Rating Procedure, cont.
  • PREMIUM DETERMINATION
  • Gross Receipts Rating
  • - Receipts over 500,000 or
  • - More than 10 power units

28
Rating Procedure, cont.
  • NEW PREMIUM DETERMINATION
  • Mobile Equipment, Moving Equipment, Electronic
    Equipment, And Personal Property
  • Trailer Coverage

29
Rating Procedure, cont.
  • EQUIPMENT AND PROPERTY RATING
  • Load 1.00-1.25 (per 100)
  • Risk Characteristics
  • - Theft Potential
  • - Vehicle Protection
  • - Radius Of Operations

30
Rating Procedure, cont.
  • TRAILER RATING
  • Load .50-1.00 (per100)
  • Risk Characteristics
  • - Theft Potential
  • - Vehicle Protection
  • - Radius Of Operations

31
Rating Procedure, cont.
  • CURRENT RISK MODIFICATIONS
  • Refrigeration Breakdown Load
  • Target/Hazardous Cargo Modification
  • Named Perils Modification

32
Rating Procedure, cont.
  • CONTINGENT COVERAGE MODIFICATION
  • Mod .90-1.25 (Basic Load)
  • Risk Characteristics
  • - Shipments Via Subcontractors
  • - Insured As Addl Named Insured
  • - Written Brokerage Agreement
  • - Length Of Relationship With Subcontractors

33
Rating Procedure, cont.
  • MODIFICATION FOR RADIUS OF OPERATIONS
  • Mod .05-.50 (Premium)
  • Risk Characteristics
  • - Distance
  • - Vehicle Data
  • - Hours Driven

34
Rating Procedure, cont.
  • ADDITIONAL TERMINAL MODIFICATION
  • Mod .05-.30 (Premium)
  • Risk Characteristics
  • - Construction
  • - Terminal Limit
  • - Occupancy Exposures
  • - Disaster Exposures

35
Rating Procedure, cont.
  • DEDUCTIBLE MODIFICATION
  • 500 1.10
  • 2,500 .90
  • 5,000 .80

36
Rating Procedure, cont.
  • RISK CHARACTERISTICS
  • Good
  • Average
  • Bad

37
Rating Procedure, cont.
  • BASIC LOAD
  • Radius of operations
  • - Local (within 5o miles)
  • - Intermediate (51 to 200 miles)
  • - Long Haul (over 200 miles)

38
Rating Procedure, cont.
  • REFRIGERATION BREAKDOWN LOADS
  • Temperature Alarms
  • - Alarms Installed On Vehicles
  • - No Installed Alarms

39
Rating Worksheets
  • NEW RATING WORKSHEETS
  • Per Vehicle Rating
  • Gross Receipts Rating
  • Equipment/Property Rating
  • Trailer Rating

40
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41
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42
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43
Questions?
  • Use phone or chat room
  • For additional questions at AAIS . . .
  • BobG_at_AAISonline.com
  • AlmaG_at_AAISonline.com
  • SheilaM_at_AAISonline.com
  • LauraS_at_AAISonline.com
  • . . . and at Marine Solutions Group
  • bdalrymple_at_marinesolutionsgroup.com
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