Due to strong turnout, the deadline for
reserving a room at the AAIS group rate for the 2010 AAIS Main Event
executive conference has been extended to March 26.
To reserve your room at the Sanibel Harbour Marriott Resort &
Spa in Fort Myers, Fla.,
Use the code "ASIASIC" to get the AAIS group rate.
For information on the conference
itself, and to register for that
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.
A new endorsement for insuring loss of
historic preservation tax credits has been introduced, along
with a corresponding schedule, in the Builders' Risk section
of the AAIS Inland Marine Guide.
The endorsement covers the cost, up to
specified limits, incurred by an insured when tax benefits
for the preservation of historic properties are reduced or
lost entirely due to a loss covered under the AAIS Builders'
Risk Rehabilitation and Renovation form.
The endorsement provides two coverages:
-
The "Delay in Receiving Tax Credit"
coverage pays for a loss arising from a postponement or
interruption in an insured's ability to claim a federal,
state, or local tax credit for preserving a historic
property.
-
The "Loss of Tax Credit" coverage
pays for a loss arising from a reduction or complete
loss of a federal, state, or local tax credit for
preserving a historic property.
For information on affiliating with AAIS
for use of the Inland Marine Guide, contact Rick
Maka, director of marketing, at
rickm@AAISonline.com,
or by calling 800-564-AAIS, ext. 222.
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.
By design or
coincidence, several states affected by the recent severe
snowfalls in the Northeast have issued directives related to
insurer responses to catastrophes.
-
A
bulletin from the Rhode Island Department of Business
Regulation revises a procedure for notifying the department
regarding the temporary licensing of loss adjusters on an
emergency basis.
-
A
bulletin from the New Jersey Department of Banking and
Insurance asks certain property/casualty insurers to
describe what aspects of a catastrophe plan or disaster
response preparation plan they implemented in response to
the recent "Nor'easter" that struck the state. The directive
applies to admitted carriers writing $20 million or more in
net direct written premium for property coverage in the
state.
-
The Maryland Insurance Administration
recently finalized its
regulation establishing a protocol for insurers when
imposing a moratorium on writing policies due to a weather
event.
March installments of
PF&M reports on the
"green" endorsements introduced in the Builders' Section of
the AAIS Inland Marine Guide.
PF&M, a service of The Rough Notes Company, Carmel,
Ind., provides regular analyses of standardized
property/casualty policy forms, including those developed by
AAIS. The service is available online to subscribers.
PF&M also reports on AAIS's introduction of
contingent cargo coverage in the Guide's Motor Truck
Cargo section, and the addition of a coverage form for
equipment sales and rental operations.
