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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.

 
Volume 13, Edition 2 PDF Print E-mail
Friday, 26 February 2010 10:25

We hope you are finding our new web page design easy to navigate and we would love to hear about any comments or suggestions which you may have.  As part of CAB’s commitment to help you adapt to changes in the industry, we are considering modifications to our financial request form that we send to the motor carriers such as whether we should request additional information on operations, including security and protection devices used by the motor carrier.  While we undertake this project we look for your comments on what you would find relevant to assist your underwriting process.  Please send any of those comments to me by clicking here or to Shuie by clicking here.

Just a reminder - the IMUA has released the registration package for the upcoming annual meeting.  You can view the registration package at www.imua.org.  There will be transportation related sessions which should be of great interest to underwriters and claims alike.  I look forward to seeing you there.

I don’t know about you, but I am done with winter.  Here in New York we are digging out from yet another snow storm.  Spring cannot come soon enough.  Hopefully you can read this report and not be out shoveling like we are.  This month we report.

SLEEP APNEA - There was an interesting report this month on the impact of sleep apnea on trucking.  According to one study by the FMCSA, 26% of drivers suffer from some form of sleep apnea.  The disorder can cause reduction in reflex response and cognitive and motor skills while operating a vehicle.  Drivers who are diagnosed with this disorder are required to be disqualified until the diagnosis is ruled out or treated successfully.

 
2009 Review and Look Ahead To 2010 PDF Print E-mail
Monday, 25 January 2010 12:07


Simple survival was the main objective for most of the country in 2009.  The trucking industry held on and hoped for the best. The events of 2009 were unprecedented as industry and individuals faced financial disaster.  With so many industries affected by the dramatic drop in finances, there was little the trucking industry could do to minimize damage to its own operations.  Overall the country saw over 1.4 million reported bankruptcy filings, both personal and corporate, to say nothing of the number of companies which simply closed up shop.  The overall decline in truck tonnage pushed many carriers out of the industry and forced others to operate on an even smaller shoe string. Fleet size shrunk and profits dropped as carriers looked for new and innovative ways to stay in business. Even truck stops disappeared as more states were forced to close them in the face of budget constraints.

The inauguration of Barack Obama changed the political landscape.  With a new administration we saw new leaders emerge in the different agencies, all with their own agenda.  Ray LaHood took over the helm at the DOT, after serving for many years on the House Transportation and Infrastructure Committee and, after that, on the House Appropriations Committee.,Mr. LaHood has indicated that he will be leading a series of meetings throughout the country to assist in getting feedback on what is needed for the new highway bill.   Anna Ferro now leads the FMCSA and has set forth her own agenda for the coming decade, with a primary focus on safer operations of the trucks on the road.  The economic stimulus package moved monies into the country’s infrastructure. The American Recovery and Reinvestment Act included a decidedly ambitious undertaking to improve infrastructure, approving funding for over 11,300 projects which is anticipated to create tens of thousands of jobs.

 
 

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NIP reports that premium rates in transportation dropped in the 3rd quarter. Do you find that your premium rate is:
 

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