When
Thursday November 14, 2013CE Presentation: 9 AM to 12 PM
Cost to Attend | Member: $15 | Non Member: $35
Add to CalendarContact Gail James Clarke
Independent Insurance Agents and Brokers of Orange County (IIABOC)
(866) 921-6440
iiab04@yahoo.com
Inland Marine Coverages and Underwriting
This course is approved for 3-hours of CEU | Course Number: 299590
While the size of the Inland Marine insurance industry in the United States is relatively small (less than 5% of the total property and casualty premium volume), the coverages available are crucial to many businesses. The unique nature of the risks that can be insured by both standard and surplus lines carriers is truly staggering. This class will cover the following major topics:
1. Provide an overview of the development of Inland Marine insurance in the United States.
2. Examine the difference between controlled and uncontrolled classes of business.
3. Discuss the general characteristics of Inland Marine products.
4. Review the coverage forms, coverage grants, exclusions and options available for contractor’s equipment, builder’s risk, and motor truck cargo insurance.
5. Explain the process underwriters will use to evaluate contractors equipment, builders risk, and motor truck cargo accounts for acceptability.
6. Discuss the variety of risks that can be written under the miscellaneous property classification of Inland Marine business.
7. Explore the nature of the surplus lines industry and the types of accounts entertained by this segment of the business.
Addressing the many needs of policyholders often cannot be accomplished by “in the box” insurance products. By using the tools available in the Inland Marine industry, underwriters can develop truly creative solutions to the most vexing coverage problems.
This class will benefit insurance agents and brokers, wholesale intermediaries, and insurance company underwriters who want to explore ways to use Inland Marine policies to cover unusual and challenging risks.
Chris Behymer, CPCU, ASLI, CIW Chris began teaching classes for the Insurance Institute of America in September of 1980 through Rio Salado Community College. He received his Chartered Property and Casualty Underwriter (CPCU) designation in 1981 and the Associate in Surplus Lines Insurance (ASLI) designation in 2001. In May of 2013, Chris received the Certified Insurance Wholesaler (CIW) designation offered by the AAMGA University.
Chris has developed and lead classes for a variety of insurance industry groups including the National Association of Professional Surplus Lines Offices (NAPSLO), the American Association of Managing General Agents (AAMGA), the Independent Insurance Agents and Brokers of Arizona, the Independent Insurance Agents of Wisconsin, and the Surplus Line Associations of Arizona, California, Oregon, and Utah.
Pat Snelgrove
Senior Underwriter, Markel Corporation
Pat Snelgrove graduated from the University of Utah in 1972 with a bachelor’s degree in Business Administration. Shortly after graduation he began working for Heber J. Grant & Company in Salt Lake City, UT and over the years has held a number of increasing responsible positions in the insurance industry. His resume includes time working for insurance carriers, wholesale agents/brokers, and retail agents. During his career he has developed a high level of underwriting and marketing expertise in the transportation, property and casualty, and marine lines of business.
Pat joined the Markel organization in 2003 as a Senior Underwriter for the Inland Marine product line. He currently oversees a $4 million book of business generated by Markel contracted customers with offices spread throughout 12 western states. Pat handles many challenging Inland Marine risks including motor truck cargo, large schedules of contractor’s equipment, and a wide range of special property risks that don’t fit the mold for standard property underwriters.