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Results for content tagged as Maine

1.

Nov 29, 2016 - ... Maine Bureau of Insurance has issued Bulletin 415, Property and Casualty Underwriting Guidelines. With this Bulletin, the Bureau is reminding insurers that property and casualty rate filings must include underwriting guidelines. Insurers...

2.

Aug 25, 2015 - ... possible rating cells is not, in and of itself, necessarily a violation of Maine's rating laws as long as the classifications are based strictly on risk of loss." The bulletin in Maine concludes by stating that it "is intended solely for informational purposes. It is not intended to set forth legal rights, duties, or privileges." AAIS Advisory notices are posted periodically...

3.

May 22, 2015 - ... law in Maine expressly allows an insurer to cancel a property insurance policy for violation of terms or conditions of the policy. The law becomes effective 90 days after adjournment of the state...

4.

Jun 12, 2014 - ... a "forecast zone" (see below) and are subject to a specific hurricane warning, thus allowing for the application of separate hurricane deductibles. Dec. 10 UPDATE: The final regulation issued by the Maine Bureau of Insurance reads substantially like the original proposed reg (see below), but eliminates a statement to the effect that a hurricane deductible can be applied " regardless...

5.

Apr 24, 2013 - ... the form of notice insurers must provide to named insureds on any policy subject to the law. The law is scheduled to take effect 90 days after the adjournment of the Maine legislature, scheduled for June 19, 2013. AAIS staff will be tracking the progress of the superintendent's rules and will take filing action, if necessary. AAIS Advisory notices are posted...

6.

Sep 1, 2009 - In 2010, AAIS will withdraw several mandatory endorsements it filed in Connecticut and New Hampshire just a few years earlier. The endorsements amended policies so that same-sex partners in a civil union would have the same coverage as spouses in a traditional marriage, but the endorsements will no longer be needed. Connecticut legalized same-sex marriage in 2008 and has eliminated its civil unions statute as of Oct. 1, 2010. Civil unions in effect on that date will automatically become mar...

7.

Dec 1, 2008 - This article was adapted from a longer report on outdoor wood boilers found in the Personal Lines section found here. The good news for residential property insurers is that the use of outdoor wood boilers, a new trend in home heating, does not appear to be as hazardous as wood-burning stoves. The bad news is that they present different exposures of their own, and insurers have little history of underwriting or rating them. They'll have to learn, as it is estimated there could b...