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About CAB

CAB LogoFor over 70 years, Central Analysis Bureau, Inc. has been an important part of the underwriting plan for the commercial auto and inland marine insurance industry. With its unique understanding of all aspects of the trucking industry, CAB has developed a proprietary rating system which, based on a series of specific ratios and equations, is utilized to analyze a motor carrier’s financial records to determine the financial strength of that carrier. For years, the name CAB has been synonymous with financial analysis, and an acceptable CAB rating is a prerequisite for many underwriters.

 
Upcoming Training Webinars and Archived Video Sessions E-mail

Training sessions are open to all CAB subscribers. Please click on any of the upcoming training sessions below to register for the session. 

CAB Basic Training:
  • Tuesday August 18, 2015 2:00PM - 3:00PM EDT
    • This is a CAB training on the use of the newest features of the CAB website and CAB Report. This will include an overview of our new features as well as a refresher of the features and navigation of the CAB website.
CAB Focus Training:

Introducing Analysis Central
Previous webinars, including various "Basic Training" and "Focus Training" session are available hereTo view an archive video you need to have a CAB Subscriber account and be logged in.
 
Volume 18, Edition 6 PDF Print E-mail
Bits & Pieces
Friday, 26 June 2015 14:01

Welcome to Summer.  We hope you are all taking some time to relax and enjoy a bit of a slowdown as we head into the holiday weekend.  Life at the shore is good.  Happy 4th of July.  This month we report: 

FILING INSURANCE LIMITS TO REMAIN THE SAME - The House rejected an amendment to the Transportation, Housing and Urban Development (THUD) Fiscal 2016 appropriations bill that would have opened the doors to an increase in insurance requirements for trucking and bus companies. As the restriction on increasing limits is also in the version passed by the Senate, while differences in the bill need to be worked out in a House-Senate conference and the ultimate bill signed by the President, it appears that there will be a freeze on current insurance requirements on trucking companies. We will let you know if anything more comes up on this issue.

FMCSA ATTACKED - At month end a bill was introduced in the Senate targeted at reformation of the FMCSA.  Under the proposal a review of rules, guidance, regulations and enforcement policies would be mandated every five years and numerous steps and protocols put in place to limit the ability of the FMCSA to implement rules, with mandated oversight of the rulemaking process from the Transportation Research Board or the Department of Transportation Office of Inspector General.  It will be interesting to see where this goes. 

NHTSA REPORT - The Office of Inspector General released a report that the National Highway Traffic Safety Administration and its Office of Defects Investigation is “insufficient” in its handling of vehicle defects.   In its audit, OIG looked into ODI’s procedures for collecting vehicle safety data, analyzing data and identifying potential safety issues, and determining which of these issues should be further investigated. The OIG determined that there was a lack of guidance on what information should be reported so that there could be early warning of the defects.  All in all it was not a good rating for the department. The report is scheduled to be released later this year.