Monday, March 15 is the deadline for
reserving a room at the AAIS group rate for the 2010 AAIS Main Event conference,
April 11-13 at the Sanibel Harbour Marriott Resort &
Spa in Fort Myers, Fla.
To reserve your room
Use the code "ASIASIC" to get the AAIS group rate.
The Main Event is an executive
conference devoted to product-related issues of
strategic importance to senior executives and department
managers of property/casualty insurers.
This year's Main Event theme is
"Harnessing Data for Results." The conference
program features a lineup of speakers addressing
practical considerations carriers face when they
implement data-based decision-making in their
underwriting and pricing.
The program also features an
important presentation on AAIS's initiative to introduce
by-peril rating, plus a special inland marine "track" on
Tuesday, April 13, and roundtable discussions led by
AAIS staff members.
Details on the Main Event program
are available
online.
To register for the conference
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.
AAIS is teaming up with The Hartford
Steam Boiler Inspection & Insurance Company (HSB) to provide
a free breakfast forum on "Equipment Breakdown in
Construction" on the final morning of the annual meeting
of the Inland Marine Underwriters Association (IMUA).
The event will be 8-10 a.m. on Wednesday, May
19, at the Kingsmill Resort, Williamsburg, Va., the site of the
IMUA meeting.
Lisa Phillips, HSB product design
manager, will discuss how to identify and underwrite equipment
breakdown exposures on jobsites.
Robert Guevara, AAIS vice president of inland marine,
will describe new equipment breakdown coverage forms developed
in consultation with
HSB for the Builders Risk and Installation Floater classes found
in the AAIS Inland Marine Guide.
Attendance is free of charge to all IMUA
members; breakfast will be provided. To reserve a spot, contact
Sheila Morris, AAIS manager of inland marine, at
sheilam@AAISonline.com,
or by calling 800-564-AAIS, ext. 286.
Insurers doing business in Massachusetts
have through March 18 to submit comments in writing about the
potential for expanding application of a requirement that
insurers offer coverage for losses arising from leaks of
heating oil.
In a previous
Advisory, AAIS notified carriers that Massachusetts had
enacted a
law requiring homeowners insurers to offer first- and
third-party coverage for losses arising from heating oil
spills.
In November 2009, AAIS filed
endorsements under its Mobile-Homeowners (MHO) Program in
Massachusetts to comply with the law. Those filings are
still under review, and corresponding action will be taken
under the AAIS Homeowners Program once the MHO filings are approved.
Subsequently, the Massachusetts Division
of Insurance issued an
interpretation that requires all personal and
commercial lines policies used to insure 1-4 family
dwellings to provide the coverage.
AAIS and other parties have questioned
that interpretation, arguing that the law is intended to
apply only to homeowners insurance. The division has agreed
to receive comments in writing from interested parties.
Comments can be submitted through March
18 to Edward Charbonnier, director of policy form review, at
Edward.Charbonnier@state.ma.us.
The Maine
Bureau of Insurance has issued a
bulletin reminding insurers that they are required to give
loss payees or mortgagees as much notice as the named insured
receives when a policy is to be cancelled or non-renewed.
The bulletin includes a table of notice
requirements for policies that provide coverage for auto
liability and owner-occupied properties.
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.
