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Tuesday, September 26, 2017

Introduction to Commercial Inland Marine Insurance
Event Details
Date(s): September 26, 2017
Time: 9:30 AM  EST - 5:00 PM  EST
IMUA Offices 14 Wall Street, Suite 820 New York, NY 10005
Organization Details
Organization: IMUA
Contact Name: Allie Monreale
Contact Email:

 Introduction to Commercial Inland Marine Insurance

** Onsite or Distance Learning Option Available for this two-day event**

   Agents/Brokers in NY and NJ:  This course has been approved for 13  continuing education credits
with the New York and the New Jersey State Departments of Insurance.

Onsite attendance is required.




  • $400 For each employee of IMUA Member Companies  (In person attendance)
  • $350 For each employee of IMUA Member Companies  (Remote attendance)

Course Overview:


Join industry peers for this two-day introductory course covering the basics of commercial inland marine, with emphasis on the largest/key inland marine classes of business.  The course has been designed for the new hire (trainee); a specialist with ≤ two years experience; or a more experienced P&C individual who has limited expertise in the commercial inland marine class.  Topics covered will include -

  • Industry Overview - the Nationwide Marine Definition; filed vs. non-filed classes; basics of policy construction; and a brief background of IMUA
  • Underwriting Fine Art – both commercial and personal – at fixed locations; in transit and on exhibition; types of industry forms used; the importance of valuation surveys; and basic underwriting criteria
  • Construction/Builders Risk underwriting – types of construction from dwellings to high-rise office towers – understanding the parties to the contract; COPE; understanding forms and coverage; exposure analysis; and extensions of coverage like soft costs and delay in start-up
  • Transportation Insurance – legal background; key elements of coverage; underwriting considerations; elements of exposure & severity; importance of financial information; and industry forms and coverages
  • Insuring Contractors Equipment – types of equipment covered; types of operations; major underwriting factors; traditional policy terms and conditions found; valuations; deductibles; blanket vs. scheduled; leased vs. rented property; and time element exposure
  • Loss Prevention & Claims – insured management practices to mitigate claims and lessons from losses



Presenters include industry experts on
the various classes of business:
Steve Silverman, Berkshire Hathaway Specialty Ins.
Michael Reich, Berkshire Hathaway Specialty Ins.

Jennifer Schipf, XL Catlin
Virginia Cameron, XL Catlin

September 26-27, 2017
9:30 am to 5 pm EDT
IMUA Training Room
14 Wall Street, Suite 820, New York, NY 10005


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