Wednesday October 11,2017
Location: Loews Annapolis Hotel 126 West Street Annapolis, MD 21401 (410) 263-7777
Program Agenda: 12pm-7pm EST
1-1:45 Craig Liszt: Board Certified Admiralty and Maritime Attorney at Horr, Novak & Skipp P.A.
*Marina and Boat Yard Contracts and Risk Transfer. How Contracts and Risk Transfer can interact with or affect insurance coverage *Part 1
2-3:15 Part 1 of Yacht Insurance: Underwriting & Claims
3:30-5 Part 2 of Yacht Insurance: Underwriting & Claims
American Institute of Marine Underwriters presents:
Yacht Insurance: Underwriting & Claims
Instructors: Richard Salway and Mark Smieya
AIMU has filed for 3 CE credits for P&C Agents/Brokers license in MD, NJ, VA and PA. Pending approval.
This course will cover yacht insurance and risk selection that encompasses pleasurecraft of any length. Attendees will study the Marine Insurance Policy: policy definitions, terminology, physical damage, liability and protection and Indemnity (P & I) coverages; the Risk Selection part of the program including underwriting concerns, Vessel Ownership, Coverage Extensions. The class will include claims review and the use of the pleasurecraft surveyor report, claims including Hull Losses, Storm Planning/Hurricane Proof Facilities, Third-Party Losses (injuries, collisions, other property damage), Claims and Effect on Loss Ratio; Target Loss Ratio, LAE, ULAE Expense Ratios, Development Tails/Trends, Combined Ratio Results; Other Considerations including Crew and Operators, Aggregation of Limits, National CAT, Concentration of Values, Surveys, Reinsurance: Treaty & Facultative, Excess P&I and P&I Clubs.
5-5:15 Closing and Charitable donation
5:15-7 PM Reception
A Block of rooms is set aside at the Loews Annapolis Hotel 126 West Street Annapolis, MD 21401 (410) 263-7777