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Results for content tagged as Indiana

1.

Mar 30, 2016 - ... new laws in Indiana and West Virginia regarding insurance coverage for loss to structures and contents caused by mine subsidence. The Indiana law effectively adds public buildings to the definition of structures covered...

2.

Sep 29, 2015 - Rick Maka, AAIS director of marketing and strategic alliances, will speak on "The AAIS Homeowners Program and By-Peril Rating" at the 2016 Annual Convention of the Mutual Insurance Company Association of Indiana, Dec. 10-11 in Indianapolis. Rick came to AAIS in June 2004 after 12 years at Aon, where he rose to become senior vice president of the financial and professional risk solutions division. Prior to that, he worked as an independent agent in the Chicago area, specializing in coverage for...

3.

Jul 20, 2015 - ... optimization in property/casualty insurance ratemaking. Citing "growing concern . . . that insurers are shifting from cost-based ratemaking and increasingly introducing price sensitivity into their rating methodologies," a bulletin from the Indiana Department of Insurance states that "the use of price optimization in establishing rates is not permitted." Companies using price optimization to rate policies sold in Indiana are instructed to...

4.

Jun 23, 2015 - ... Following enactment of the law described below, the Indiana Department of Insurance issued a bulletin specifying what insurers should do to enter into new mine subsidence reinsurance agreements and report ceded premiums and losses. A new law in...

5.

Jun 12, 2014 - ... bulletin in Indiana reminds insurers that mine subsidence insurance must be offered to prospective policyholders and insureds. Coverage under the Indiana Mine Subsidence Fund is available up to $200,000 per insured structure in...

6.

Apr 14, 2014 - [ACTION_PRINT_ARTICLE] Five states recently enacted laws to allow insurers to post policy forms, endorsements, and other documents on a website, or transmit them electronically, in lieu of mailing them to insureds. These laws follow a series of similar measures enacted in several states in 2013, and more states are expected to follow suit before the end of this year's legislative sessions. Earlier measures were reported in AAIS Advisory notices here, here, and here. Among other things, measu...

7.

Nov 25, 2013 - ... Indiana have issued bulletins for insurers in the wake of tornadoes that devastated parts of the two states in mid-November. Among other things, one Illinois bulletin asks, but does not require,...

8.

Aug 16, 2013 - ... some successes of their own, however, and AAIS recently acted to respond to two rulings that could create unwanted and unintended exposure for pollution under general liability policies. In 2012, the Indiana Supreme Court ruled that a standard pollution exclusion was ambiguous and unenforceable because it did not specify, by name, what substances were to be considered "pollutants" under the...

9.

Jun 19, 2013 - ... Indiana Department of Insurance recently issued a regulation requiring insurers and advisory organizations to submit a  "confidentiality request" whenever they want filed forms, rules, or rating information to be...

10.

Apr 17, 2013 - ... prohibiting certain practices regarding certificates of insurance. A new law in Indiana specifies that certificates cannot: Alter or amend the terms of a referenced policy; Provide any warranty that the coverage described fulfills the...