Transportation Casualty

Transcription

1 Transportation Casualty

2 From airlines and mass transit to railroads and trucking companies of all sizes, AIG provides admitted and non-admitted insurance programs for a full spectrum of transportation risks. Our underwriters across the U.S. and Canada specialize in transportation and excel in innovative primary and excess casualty solutions offering an array of flexible program structures and market leading capacity. Expert risk consulting, loss prevention tools, data analytics and claims management services are also delivered by seasoned transportation professionals. With a genuine partner committed to the transportation industry and to keeping businesses and drivers safer our casualty clients get where they want to go faster and more efficiently.

3 Casualty Programs Customized to Your Transportation Business AIG works closely with our brokers and their clients to develop custom casualty solutions the transportation industry demands. Broad underwriting expertise and appetite for a full spectrum of transportation risks is delivered by a nationwide network of transportation casualty underwriters. Primary Casualty Financing structures range from first-dollar guaranteed cost programs to loss sensitive and captive structures, and everything in between. Several cost-effective options for meeting collateral requirements are available in addition to traditional letters of credit, including collateral trusts, funds withheld and rent-a-captives. Thorough account services include accounting, policy issuance, billing, audit and loss adjustments that you can rely on to be timely and accurate. A dedicated Truck Insurance Group unit offers admitted auto liability insurance designed specifically for small to mid-size trucking companies with up to 250 power units. Buffer Layer Excess Short limit buffer layers help bridge gaps between the primary policy and excess layers, delivering a consistent coverage solution when incompatible attachment strategies exist. Buffer layers come in various limits and can be custom crafted to fit program needs, where other markets may leave gaps. 100% Solution AIG can provide a seamless and appropriately high tower of excess liability insurance that major transportation clients can depend on, constructing stable towers that minimize gaps in coverage and ensure coordinated severity claims handling at every stage. Available exclusively from AIG s surplus lines insurer, Lexington Insurance Commercial Umbrella and Excess Liability Lead commercial umbrella and follow-form excess liability offer top-rated, worldwide coverage with industry-leading limits of up to $150 million. Both admitted and non-admitted coverage is available, providing exceptional flexibility in customizing towers to meet individual client needs.

4 Specialty Coverages Truck Brokerage Liability Coverage A hybrid primary liability policy addresses the truck broker s general liability arising out of the ownership and use of a truck by the motor carrier of a brokered cargo move in conformity with a written truck brokerage agreement. Railroad Liability Insurance Expansive, highly customized liability insurance for short-line and regional railroads includes bodily injury and/or property damage, Federal Employers Liability Act (FELA), foreign rolling stock, and bill of lading coverages, as well as optional extensions for pollution incidents or evacuation expenses. Excess liability also available for a total of up to $25 million in limits for qualifying risks. Available exclusively from AIG s surplus lines insurer, Lexington Insurance CrisisResponse CrisisResponse coverage is included with most commercial umbrella and excess liability policies from AIG at no added cost. This enhancement provides additional policy limits and first-dollar coverage to manage a transportation crisis event, including immediate crisis management expenses and public relations services for the purpose of maintaining and restoring public confidence.

5 Risk Consulting With far-reaching, collective experience, AIG s transportation risk consultants provide cost-effective, measurable services that help reduce loss costs and improve safety, compliance, and operational efficiency. Dedicated consultants with 25+ years of transportation industry and risk control experience, including expertise in fleet management, safety and regulatory compliance. Partnership with the industry s foremost telemetric and vehicle technology providers that deliver critical programs, such as collision mitigation. Professional training and development programs proven to impact Compliance Safety Accountability (CSA) scores, reduce accident frequency, lower orientation costs and improve fuel economy. Featured Consulting Services Fleet Safety and Risk Management Program Development Loss Trend Analysis and Benchmarking Compliance Safety Accountability (CSA) Reporting and Improvement Strategies Driver Selection, Hiring, and Retention Best Practices Advanced Driver, Dispatcher and Management Training Crash Preventability Strategies Mock DOT Audits PIER (Pollution Incident and Environmental Response) provides 24/7 access to crisis management specialists and subcontractors that respond to and help mitigate environmental incidents, such as spills, leaks, fires and explosions. PIER emergency response services and preferred vendor network is available regardless of whether the pollution incident is covered under the policy. AIG invests time and research to identify, evaluate, and pilot leading loss prevention technologies for our transportation clients, such as distracted driving and cell phone disabling technology, fleet telematics, hours-of-service (HOS) solutions, and sleep disorder screening and treatments.

6 Claims Management Built on years of experience, AIG has developed an unparalleled claims organization committed to fast, cost-efficient claims resolution. Supported by innovative technology and the financial strength of a world-leading property casualty insurer, our claims professionals are well-equipped to deliver superior claims service and help clients successfully mitigate losses. Market Experience Dedicated adjusters average more than 18 years of transportation claims experience and are licensed across the country to manage claims with both industry expertise and local knowledge. IntelliRisk This award-winning system makes detailed claim information available in real-time, allowing clients and brokers to monitor claim activity, view adjustor activity notes and create reports that include in-depth trending analysis in minutes. In-House Claims Counsel Experienced defense attorneys alongside the claims staff oversee coverage issues and apply advanced litigation strategies to minimize legal expenses, while delivering high quality defense available to transportation clients. Unbundled Claims Services Whether clients select our in-house claims department or an approved third-party administrator to handle claims, our primary casualty programs enable you to customize the solutions and services you need. Workers Compensation Advanced Injury Analytics AIG s investment in cutting-edge research with foremost healthcare partners has resulted in new Advanced Injury Analytics that accelerate an injured worker s recovery time and return to work potential. This technology enables early assessment of a claim, matching the most challenging cases with the most experienced adjusters to achieve better claim outcomes.

7 Improving Medical Outcomes Improving workers compensation outcomes while reducing costs starts with thoughtfully managing medical treatment. This means breaking inefficient patterns of care, controlling pharmaceutical costs and committing to effective treatment standards and guidelines. AIG s Medical Management Services are designed to promote better healthcare outcomes that can ultimately return employees to work faster and lower overall claims costs. Productivity Edge AIG s innovative suite of managed care services focuses on employees treatment and productivity and employers profitability. Services include: Opioid Management Pre-Injury Management and Early Return to Work (ERTW) Program Development Medical Expense Management Utilization Management and Peer Reviews Telephonic and Field-Based Case Management Outcomes-Based Network of doctors specialized in the treatment of workers compensation claims

8 Transportation Industry Practice Group AIG is committed to meeting the extensive risk management needs of transportation clients. Our Transportation Industry Practice Group provides a full range of competitive solutions across casualty, property, inland marine, environmental and other specialty coverage areas. A single point of contact for underwriting, claims and loss prevention needs provides clients with a seamless experience when accessing the breadth of our products and services. Working with the Transportation Industry Practice Group, brokers can access flexible underwriting and local expertise to build comprehensive insurance programs customized to their clients needs. American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at YouTube: LinkedIn: AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain propertycasualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.