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 For 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.
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Friday, 03 September 2010 15:12 |
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We are very excited to announce the beta launch of our new Motor Carrier Research and Analysis System. Over one year in development, this online service brings new advances and seamless integration to the research tools offered as part of CAB’s ‘Know Your Insureds’ program.
New Carrier Search Engine:
For the first time anywhere, and exclusively on our site, you can perform a search by any combination of name or partial name, address or partial address, city, state, zip and even by phone number. How would you like to know how many other operations are currently or were once registered at that address? Which other entities utilize the same phone number? Is there a broker operation associated with my carrier? What other operations are located in a particular region or zip code where I can market my product? Questions like these can be answered in moments with our new search page. This information is critical to underwriters, claims, SIU, marketing, and actuaries. For Premium Subscribers, our search page also offers QuickLinks which allow you immediate access to view, download or email our Premium Submission Report.
Unlike the limited search capabilities offered on the various government sites our new Carrier Search feature gives you the power to search all the government records simultaneously, including records not available on those sites. At the click of a button you can locate critical information about any registered entity.
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Tuesday, 31 August 2010 13:36 |
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Be on the lookout for our announcement later this week launching our new and improved Carrier and Vehicle Research System (the CAB subscriber website for those of you IT challenged like myself) to our premium subscribers. We are very excited about this and look forward to your comments and suggestions.
Here we are at the end of the summer once again. Hope you all enjoyed your summer and got a chance to take some time off. We have had many calls from underwriters concerning the upcoming termination of the BMC-32 endorsement. Right now there is no specific answer on what steps an underwriter should take to terminate existing endorsements. There is no rulemaking which automatically deletes them from any policy. We would be happy to discuss options with any subscriber to our services. This month we report:
NAFTA - Mexico is getting tired of waiting for the U.S. to move forward and open the border. More retaliatory tariffs on U.S. exports have been imposed to pressure the government to take action. Pork, cheese, pistachio nuts, ketchup and citrus fruits are among the new products subject to levies as high as 25%. Those Senators involved in the Transportation Department’s 2011 budget have included a provision in the proposed legislation which would require that that the President come up with a plan by October.
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