Inland Marine Program
AMC Fairmont Specialty Insurance Services offers a Monoline Inland Marine Program for our Producer’s. Our goal is to become a leader in the marine marketplace by being service oriented and responsive to our customers. Our strengths are our underwriting expertise and our agency force.
We have the experience that allows for individual account underwriting and ultimately a customized product that fulfills the needs of our customers. Our expertise and individual account underwriting will allow for long-term profitability and stabilization. We concentrate on the small to medium market risks, which are normally priced more responsibly. AMC Fairmont Specialty will utilize various deductibles to help insurers control their losses and participate in the loss reduction efforts. We will require the appropriate protection devices i.e. fences, guards, warranties, and alarms be utilized to help safe guard the property of the customer.
We will underwrite business through Producers in a 15 state territory. When appropriate, we will explore expansion into additional states. Binding authority will rest with our underwriting staff to assure adequate control and product quality. Based on our Underwriting Guidelines, staff expertise, product flexibility, and a professional agency force, we expect our results to be better than the industry average.
Classes of Business
We presently write the following classes of business: Bailees Customers, Builder’s Risk, Contractor’s Equipment, Exhibition Coverage, Fine Arts Dealers, Miscellaneous Coverage, Motor Truck Cargo, Transportation (Shipper’s Interest), Trip Transit and Warehouseman’s Legal Liability. For additional information on these classes, please see our Marketing Flyer for Inland Marine.
Historical Background
Charles Thompson, Senior Underwriter for AMC Fairmont Specialty, will be responsible
for underwriting the Monoline Inland Marine business. With 42 years in the insurance industry, Charles has underwritten, adjusted claims, marketed and produced Ocean Marine and Inland Marine business throughout the United States and Canada. He has managed Branch Offices for top marine insurance companies in Corpus Christi, Dallas, Houston and San Antonio. Charles was also the Chief Underwriting Executive for a Managing General agent in Texas.
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