Marine Cargo Insurance. Adjusting, Claims Administration, History

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Published Date

November 2003

Marine Cargo Insurance. Adjusting, Claims Administration, History

$57.06
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A guide to marine cargo insurance from an adjuster's perspective. It covers what to do when a loss occurs, the development of cargo insurance policies, how the facts of a claim are applied against the terms and conditions of the policy, warehouse to warehouse clauses, consolidation, deconsolidation and forwarding clauses, insurable interest, machinery clauses, the processes involved in the handling of marine insurance claims and a model for an effective claims unit.

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This book focuses on ocean marine cargo insurance from an adjuster's perspective. It promotes the need to increase productivity, reduce costs and even reduce losses for the mutual benefit of both insurer and insured.

Part I:

Thoughts on the History of Cargo Insurance

Chapter 1 3

History of Cargo Insurance in the United States

1. 18th Century

1.1 Philadelphia

1.2 Boston

1.3 Providence

1.4 New York

1.5 Baltimore

1.6 Hartford

1.7 Insurance Company of North America

2. 19th Century

2.1 Wall Street

2.2 The Launching of the American Marine Insurance Market

2.3 The Associations

2.4 A Course Correction

2.5 The Pacific Coast

2.6 The South

2.7 The Great Lakes

3. 20th Century

3.1 The Individualists (Chubb, McGee, Marsh, Greenberg)

3.2 The Departure of the Last Designated Marine Insurance Company

3.3 “History Does Not Repeat Itself, It Just Rhymes.”

4. 21st Century

4.1 The Challenges

4.2 The Questions

4.3 Then And Now

PART II:

Advice on Ocean Cargo Losses

Chapter 2

DEVELOPMENT OF CARGO INSURANCE POLICY FORMS

1.1 18th Century Cargo Form (1749)

1.2 19th Century Cargo Form (1800)

1.3 20th Century Cargo Forms (1920 and 1956)

1.3.1 Disappearing Act of the Memorandum Clause

1.3.2 Open Policy

1.3.3 Sue and Labour and Waiver Clause

1.3.4 Institute Cargo Clauses

1.3.5 All Risks Cover

1.3.6 Warehouse to Warehouse Clause

1.3.7 Marine Extension Clause

1.3.8 South American 60 day Clause

1.3.9 Machinery Clause

1.3.10 Control of Damaged Goods

1.3.11 Warehouse Endorsement or Storage Cover

1.3.12 Contingency Insurance

1.3.13 Marine Consequential Loss

1.3.14 Stock Throughput

1.4 21st Century Cargo Form (2001)

Chapter 3

WHO ARE COVERED?

Chapter 4

WHAT GOODS ARE COVERED?

Chapter 5

WHEN ARE GOODS COVERED?

Chapter 6

WHERE ARE GOODS COVERED?

Chapter 7

WHAT CAUSES OF LOSS ARE COVERED?

Chapter 8

WHAT CAUSES OF LOSS ARE NOT COVERED?

Chapter 9

WHAT AMOUNT OF THE INSURED LOSS IS NOT PAYABLE?

 

Chapter 10

HOW ARE CLAIMS HANDLED?

1. Storage Claim

2. In Transit Claim

3. General Average Claim

Chapter 11

THINK OF SUBROGATION AND SALVAGE!

Chapter 12

HOW ARE CLAIMS PROCESSED?

1.1 Contact

1.2 Assignment of Claims

1.3 Vendor Partnership

1.4 Interface With Legacy Claims System or Web-Enabled Claims System

1.5 Investigation and Coverage Verification

1.6 Evaluation

1.7 Claims Resolution

Chapter 13

ADMINISTRATION OF A MARINE CLAIMS ORGANIZATION

Chapter 14

STANDARDS AND BENCHMARKS OF MARINE CLAIMS

OPERATIONS

Chapter 15

CLAIMS PRODUCTIVITY

Chapter 16

LOSS CASE RESERVING

Chapter 17

COLLABORATION WITH UNDERWRITERS, BROKERS AND

INSUREDS

Chapter 18

VISION OF THE FUTURE

Process

Partnership

Glossary

Appendices

Appendix I: AIMU Correspondents:

 

Appendix II: Sample Claims Procedure – Abbreviated and Non-Web

1.1 MAIL MANAGEMENT 261

1.2 WITHHOLDING AUTHORITY MANAGEMENT

1.3 CLAIM CHECKS MANAGEMENT

1.4 LITIGATION MANAGEMENT

1.5 SETTLEMENT MANAGEMENT

1.6 CLAIMS DENIAL MANAGEMENT

1.7 SUBROGATION MANAGEMENT

1.8 FRAUD INVESTIGATION MANAGEMENT

1.9 EXTERNAL ENTITIES W/SETTLEMENT AND/OR DRAFT AUTHORITIES MANAGEMENT

Appendix III: Lloyd’s Policy – 1780

Appendix IV: Wall Street 1760’s and 2002 (2 1/2 centuries)

Appendix V: Current Cargo Policy and Various Clauses

Appendix VI: Cargo Forms

References

Endnotes

Index

Title: Marine Cargo Insurance. Adjusting, Claims Administration, History
Number of Volumes: 1
Number of Pages: 313
Product Code: 4400W083
ISBN: ISBN 13: 978-1-85609-263-0 (9781856092630), ISBN 10: 1-85609-263-1 (1856092631)
Published Date: November 2003
Binding Format: Paperback
Book Height: 240 mm
Book Width: 160 mm
Book Spine: 10 mm
Weight: 0.80 kg
Author: Jose Guerrero JR

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