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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. To view an archive video you need to have a CAB Subscriber account and be logged in.

CAB Basic Training:
CAB Focus Training:

New Features of the CAB Report
The Inspections and Accidents Details Page
  • Archive video
    • A closer look at the wealth of information available on this page of the CAB Report.
Shared Vehicles
  • Archive video
    • Understanding the Shared Vehicle Report and the other tools at CAB that can be used to understand if other entities are using the same equipment.  This session will be valuable for underwriters, loss control/risk improvement as well as claims adjustors.
Chameleon Carriers and interrelated entities.
  • Archive video
    • Understanding Chameleon Carriers and interrelated entities. Using CAB to identify and recognize relationships.

Carrier Search

  • Archive video
    • Understanding all of the features of the Carrier Search Page: Quick Preview, Workspace, Icons and Scheduled Reports.

 CAB Account Settings

  • Archive video
    • Did you know that you can customize what sections of the CAB Report you can see and set defaults for different sections of the report?  This brief session will cover all of the customizable features.

 CAB Financial Rating

  • Archive video
    • The CAB Financial Rating is CAB’s oldest and very specialized product.  In this session we will have Mark Schweber, Director of the Financial Analysis provide an overview of the information and features of this unique service offered exclusively by CAB.

VITAL

  • Archive video
    • VITAL is a very powerful tool that can be used for a variety of different purposes.  This session will last just a little bit longer than most of our focus sessions as we will go through all of the features of VITAL and will cover some suggested uses for VITAL for all types of users.

 Alerts

  • Archive video
    • There are a variety of different alerts that can be generated for any motor carrier. This session will focus on all of the different types of alerts that may be generated and what they mean.

Radius of Operations

  • Archive video
    • Mapping out the radius of operations of a motor carrier is one of the most beneficial features of the CAB Report.  This short session will cover the radius map and all of it’s features and functionality.
Using CAB for Claims (presented by Jean Gardner)

Understanding the Built-In Features of the Subscriber Site

  • Archive video
    This session takes a closer look at all of the built-in features of the Subscriber Site.  Examples include the Workspace, Scheduled Reports, Excel downloads, instant emails and other customization options.

CAB Product Information (these are informational sessions):

Agent Advantage Program

    • Making the most of an CAB Agent Advantage subscription.  For information about becoming an Agent Advantage subscriber email Mark Schweber or call him at 212.244.6575 x 207.

SALEs

  • Archive video
    • SALEs is the newest tool introduced by CAB.  SALEs is an online list of motor carriers that can be used for generating potentials or leads.  This service is included for company use only for all of our insurance company subscribers.  It can be purchased separately for retail agents, brokers and MGA’s interested in pulling leads lists.  This session will include the basics of how to use the site and well as tips for all user types.

 
Volume 17, Edition 9 PDF Print E-mail
Bits & Pieces
Monday, 29 September 2014 07:27

Welcome to Fall.  Now that we are finished with the heat of the summer it is back to business.  This month we report:

CARGO THEFT - Freightwatch has released its latest quarterly report and Florida and Texas have taken the lead as the target cargo theft areas, beating out California. The report states that there were 185 reported incidents of cargo theft during the quarter.  The average loss-value per load increased roughly 5.6 percent, to $17,415. Florida had 45 of the 185; Texas had the second-most theft incidents with 29, with California following closely behind with 28. The top five included Georgia and Illinois with 15 each.   Unsecured parking once again topped the list of locations where theft was most likely to occur, accounting for 113 reported incidents, primarily at truck stops. Thefts of trailers and containers accounted for 75 percent of all reported incidents. The product type most often stolen was food/drinks with 19% of all incidents.   Electronics regained its position at the second place spot with 32 thefts, or 18% of the total, while the personal care category recorded triple the amount of thefts year-over-year, with 15 thefts or 8% of the total. The building/industrial sector experienced the third most thefts with 19 or 11% of total thefts. The category of pharmaceuticals had by far the highest of any category when it came to the average value of each heist at $2.8 million, while the electronics category was ranked second at nearly $305,000.

VEHICLE MILES TRAVELED - The Federal Highway Administration says that we are all on the road.  The FHA reports that miles traveled from July 2013 to June 2014 were at their highest point since 2008 with travel of 2.97 trillion miles. In the first half of this year, 1.466 trillion miles have been driven, the largest number since 2010 and the fourth-highest in the report’s 78-year-history. FHWA’s report “Traffic Volume Trends” reveals that 261.7 billion vehicle-miles traveled were driven in June 2014. June has not hit such numbers since 2010, and June 2014 marks the largest single-month gain this year.

DELAYED RULEMAKING ON INSURANCE LIMITS - The DOT is not yet ready to announce its proposed rules on raising the minimum insurance requirement for interstate motor carriers and whether to require speed limiters on new heavy trucks. The proposal to raise the insurance minimum, originally scheduled for publication later this month, has been delayed until Oct. 22 and the proposed speed-limiter rule has been delayed until Jan 12. The minimum financial responsibility rule has been fast-tracked by the Federal Motor Carrier Safety Administration since the agency released a study in April indicating the required minimum insurance for most carriers is not adequate to cover many fatal and serious-injury crashes.