February 24, 2010


Main Event

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IMUA PRESIDENT RON THORNTON ADDED  
TO MAIN EVENT INLAND MARINE PROGRAM

Ron Thornton, president of the Inland Marine Underwriters Association,  will lead the proceedings during a special inland marine track during the 2010 AAIS Main Event conference, April 11-13 in Fort Myers, Fla.

Inland Marine at "C-level"

The first session will provide an overview of current market conditions and the impact of inland marine on company operating results.

The speakers will be Jerry Theodorou (top), vice president of research and consulting for Conning & Company, Hartford, Conn., and Patrick Carroll, Gen Re's Chicago-based senior vice president responsible for Midwest facultative business.

Construction Rehab Projects:
A window into Inland Marine

The construction classes account for the largest premium volume in inland marine, and almost every insured account undertakes a construction rehab project at some time. This session features two experts describing exposures for rehab projects and explaining how AAIS's Builders Risk forms help you structure coverage for them.

David Mistick is president of Circumspex LLC, Pittsburgh, Pa., and a well-known expert on the renovation of historic structures who has consulted for church insurers.

Robert Guevara is AAIS's vice president for inland marine and the principal developer of the Inland Marine Guide and Commercial Output Program (COP).

Inland Marine Roundtable

On Tuesday afternoon, Bob Guevara will lead a roundtable discussion describing what he envisions for the Guide and COP, and seeking input from participants.

The inland marine track will run concurrently with Tuesday's regular Main Event program. Details on the regular conference program are available online.

To register for the conference Select the inland marine track if you want to participate in it.

Reserve your hotel room separately, using the code "ASIASIC" for the AAIS group rate. The hotel deadline is March 15.

If you have questions about the Main Event, contact Joseph Harrington, AAIS director of corporate communications, at joeh@AAISonline.com, or by calling 800-564-AAIS, ext. 217.


MEDICARE REPORTING DATE
POSTPONED TO JAN. 1, 2011

On Feb. 18, the U.S. Center for Medicare and Medicaid Services (CMS) announced that the date for implementing secondary payer claim reporting was being pushed back to Jan. 1, 2011, nine months after the previously scheduled implementation date.

As of Jan. 1, U.S. insurers that write coverage for bodily injury and medical payments will have to start reporting to Medicare every time they pay a claim to a person enrolled in Medicare.

AAIS programs affected by the liability claim reporting mandate are:

  • Personal Lines: Boatowners, Dwelling Properties (Landlord's Package only), Homeowners, Mobile-Homeowners, Personal & Premises Liability, and Personal Umbrella

  • Commercial Lines: Artisans, Businessowners, Commercial Liability, and Commercial Umbrella

  • Farm & Ag Lines: Agricultural General Liability, Farmowners, and Farm Umbrella

For more information, go to the CMS website.


AAIS STAFF MEMBERS
OFFER WEB SEMINAR ON
AGRICULTURAL INSURANCE

Two AAIS staff members will conduct a web seminar on agricultural insurance at 12:30 p.m. Central time (1:30 p.m. Eastern) on Thursday, March 18.

Kirk Hansen, AAIS director of education, and Joseph Harrington, director of corporate communications, will discuss how coverage forms developed by AAIS address property and liability exposures arising from the mechanization and commercialization of American agriculture.

The web seminar is one in a series offered by the Academy of Insurance, established this year by the Insurance Journal. For information and to register for the seminar, go to www.ijacademy.com.

Hansen and Harrington will be offering two other web seminars this year through the IJ Academy of Insurance: one in July on builders' risk insurance, and one in November on insuring household property under homeowners or inland marine policies.
 


MARYLAND REGARDS
FEBRUARY SNOWSTORMS
AS ONE EVENT

A bulletin from the Maryland Insurance Administration states that Gov. Martin O'Malley is treating snowstorms on Feb. 4-6 and Feb. 9-11 as one event, even though they have been given separate catastrophe numbers for statistical reporting purposes.

Among other things, the bulletin directs carriers to "take all reasonable steps to impose one deductible for all property damage claims filed as a direct or indirect result of the February snowstorm."


MARCH 1 IS DEADLINE FOR
NORTH CAROLINA DATA CALL

Members of the North Carolina Insurance Underwriting Association have until March 1, 2010 to report 2008 and 2009 data on residential property writings in coastal areas to the state's insurance department.

Instructions and forms for reporting the data are provided in a recent bulletin from the department.

AAIS statistical plans do not capture the level of data sought in this data call; companies will have to respond on their own.


STATISTICAL EDIT PROGRAMS
AVAILABLE ON AAISdirect

Companies that report statistical data to AAIS now have access through AAISdirect to programs for detecting errors in their data before submitting it to AAIS.

Users can access PC- and mainframe-based statistical edit programs under the "Statistical" section of AAISdirect. The programs are available for all lines of insurance except Boatowners.


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