CTC Transportation Insurance Services, LLC

: CTC Transportation Insurance Services, LLC, one of the largest transportation Managing General Underwriters in the country, is proud to announce the promotion of Rob Stadnick to Director of Software Engineering and Machine Learning. Designed to support our in-house underwriting facilities as well as our brokerage markets these technologies will further complement our superior customer service, expert underwriting, and policy management teams”, stated Mr. Stadnick. As CTC Transportation Insurance continues its aggressive growth initiatives, we are committed to expanded implementation of advanced AI and other insuretech solutions into the services we provide our agency partners. Our expanding in-house engineering team, led by Mr. Stadnick, is the continuation of delivering our vision of a technology driven future providing agency partners with the ability to build a prosperous book of business in 2019 and beyond.

CTC Transportation Insurance Services, LLC, one of the largest transportation Managing General Underwriters in the country, is proud to announce the promotion of insurance veteran Chris Daggett to run Sales and Agency Management for all lines of business at CTC. As President of CTC Marine, Mr. Daggett has built CTC’s Inland and Ocean Marine unit, utilizing  existing relationships and distribution channels, and creating new ones, to offer a variety of transportation lines domestically, as well as internationally through its London contacts. Chris started his career with The Chubb Group of Insurance companies in July 2001, where he held various underwriting positions in their commercial lines division, mainly focusing on Property, Machinery, and Marine. NY and NJ offices for over a decade as Senior Property and Marine Underwriter, Chris left the company in 2012 to join CNA, where he developed a NJ-based Inland Marine book of business for two years.

Scott McCrae, executive vice president of product and technology for Carlsbad, Calif.-based CTC Transportation Insurance Services, says that the commercial trucking insurance segment has experienced a combined ratio of 106 to 109 since 2016 with no relief in sight, especially because a lot of older $50,000 trucks are being replaced with new $150,000 models that are far more expensive to repair. Elsewhere, the American Automobile Association Foundation and the Alliance for Driver Safety & Security (the Trucking Alliance) joined forces late last year when the Trucking Alliance announced it would adopt the AAA Foundation’s new Truck Safety Recommendations. The Trucking Alliance also requires member companies, which include 250 of the largest motor truck carriers in the U. S., to implement other safety measures such as truck-speed limiters, maintaining public liability insurance in excess of federal minimums (often $2 million), and extensive pre-employment screening and ongoing driver training. Scott Cornell, transportation business lead and crime & theft specialist at Travelers, says that the lengths to which companies are going to recruit new drivers also creates a need to educate rookie drivers not just on safety but on cargo theft prevention as well.

CTC Transportation Insurance Services (CTC) is one of the largest and fastest growing insurance companies in the nation. We sat down with CTC’s Lucas Perea, head of IT, and his colleague Stephanie Devine who is the operations manager, to learn how they are using Quick Base to drive a more efficient, agile, and innovative business. The advantages and challenges of a diverse infrastructure CTC’s thriving insurance business is a collaborative of companies it owns and works with including: other carriers, a finance firm, risk retention and management groups, an insurance ratings company and a surplus lines program management firm. One of our biggest risk reducers is our Master Policy Register app which provides one place to reference data for underwriting and policy management.