Welcome to the Webinar on Loss Trends for the Crane, Rigging & Specialized Transportation Industries ! The event will begin shortly.

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Presentation transcript:

Welcome to the Webinar on Loss Trends for the Crane, Rigging & Specialized Transportation Industries ! The event will begin shortly.

Webinar Hosts Clifton (Cliff) Shepherd, Supervisor, Heavy Claims for NBIS Cliff is the Supervisor, Heavy Claims for NBIS. He has over 25 years of experience in the insurance industry specializing in claims, investigations and litigation. He is responsible for the management and direction of complex Inland Marine, General Liability and Commercial Auto Claims, including accident investigations. Cliff has been associated with the Atlanta Claims Association, the Atlanta Claim Managers’ Council and the Southern Loss Association. He has an undergraduate degree from Valdosta State University and a Juris Doctor degree from Georgia State University. | Phone: (770) Cathy Dempsey, Senior Claims Examiner for NBIS Cathy is currently a Senior Claim Examiner with NBIS. She has been involved in insurance defense work since She began her career as a litigation paralegal with a Chicago defense firm and moved on to the insurance arena. She has held several claim technical and management positions with domestic carriers and Third party claim administrators with a concentration on general liability construction claims and litigation defense management. She holds a B.S. from Illinois State University and a Litigation Specialist Certification from Roosevelt University’s Lawyer’s Assistant Program. | Phone: (312)

Loss Trends for the Crane, Rigging & Specialized Transportation Industries Presented by NBIS Hosts, Clifton Shepherd and Cathy Dempsey | July 27, 2011

Most Common Types of Crane Losses Inland Marine Collapse / Overturn Load Weight Mechanical Defect Ground / Weather Conditions Operator Error

Most Common Types of Crane Losses General Liability Collapse / Overturn Electrical Contact Load Loss / Load Misdirection Roadway Incidents Operator Error

Most Common Types of Transportation Losses Driver Error Jack – knifing Cargo Upset Rollovers Lack of Maintenance Speeding

Financial Impact – Insurance Response The Inland Marine Policy Contractors Equipment Riggers Liability Cargo & Transportation Warehouseman Liability Additional Coverage - Defense

Financial Impact – Insurance Response The Commercial General Liability Policy Bodily Injury Liability Property Damage Liability Personal & Advertising Injury Additional Coverage – Defense

Financial Impact – Insurance Response The Commercial Automobile Policy Bodily Injury Liability Property Damage Liability Physical Damage Coverage Personal Injury Protection (PIP) Coverage Medical Payments Coverage Uninsured / Underinsured Motorists Coverage Additional Coverage – Defense

Financial Impact – Insurance Response Workers Compensation Coverage Statutory Coverage Employers Liability Coverage Additional Coverage – Defense

Death & Disability Causation Costs Insurance Response

Deaths & Death Rates for 2009 Table B. Deaths and death rates for 2009, and age-adjusted death rates and percent changes from 2008 to 2009, for the 15 leading causes of death: United States, preliminary 2008 and 2009 [Data based on a continuous file of records received from the states. Rates are per 100,000 population; age-adjusted rates per 100,000 U.S. standard population are based on the year 2000 standard; see ‘‘Technical Notes.’’ For explanation of asterisks (*) preceding cause-of-death codes, see ‘‘Technical Notes.’’ Figures are based on weighted data rounded to the nearest individual, so categories may not add to totals]

Summary Your industry moves the world. It is an honor to help you with your work and your challenges. Accidents will occur. Loss trends notwithstanding, your safety record and efforts are exemplary. Thank you for what you do for America!

Thank You for Attending the Webinar on Loss Trends for the Crane, Rigging & Specialized Transportation Industries! To receive information on upcoming 2011 NBIS & SC&RA Webinars, Please us at If you have additional questions or would like information on becoming an NBIS policyholder, please us at