Press Release -
[Cached Version]
Published on: 1/15/2004
Last Visited: 6/26/2006
"In the face of the growing liability insurance crisis, our quest to find the financial protection we needed led us to an alternative solution to traditional insurance," said Intermodal Insurance Company President Ron Guss of Intermodal West, Inc., Pico Rivera , who is serving a two-year term at the company's helm.
"Since we know the intermodal trucking business better than any commercial insurance company could, we felt we were uniquely suited to establish our own company in accordance with the Act," he said.
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"The timing is right for this company to come into being," said Guss.
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Additionally, Guss believes they are certainly better off paying their premiums to a company they own, where they can anticipate building equity as they maintain high safety standards that will help minimize loss.
Guss believes the new venture will have a distinct advantage over traditional insurance companies because its owners live and breathe intermodal trucking, which is the only business Intermodal is mandated to serve."In effect, we can be much more responsive to our insured because they are us ," he said . "Together, we have a unique opportunity to set a new standard of excellence as we all share in the success of the company.We're looking forward to securing more members from around the nation who have the best safety records."
He is confident that his fellow company owners will be more attuned to good quality loss control and claims management activities because of the financial incentive that comes with the partnership.However, to underscore the new company's commitment to safety and reducing liability claims, the insured truckers will participate in comprehensive safety training programs, including a safety performance evaluation using the same criteria as a Dept. of Transportation safety audit.
Joining Guss as company officers and founders are Vice President J. Thomas Avery of Avery & Avery International, Inc., Walnut, and Secretary/Treasurer William A. Cornell, Jr. of the James Brooks Company, Inc., Firant.