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Results for content tagged as South Dakota

1.

Jul 2, 2015 - ... Insurers Association of America (PCI) reports that the South Dakota insurance department sent a survey regarding price optimization to 30-40 insurers on June 10, 2105.  According to the PCI, recipients are asked whether and how they use price...

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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...

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Nov 12, 2013 - [ACTION_PRINT_ARTICLE] An article in an online publication describes the benefits of mutual group affiliations AAIS has established with small mutual companies and state mutual associations in some states. The article appears in the October/November 2013 edition of  "INbetween" (registration required), a periodical published by the National Association of Mutual Insurance Companies (NAMIC).  The article, entitled "Forms, Manuals, and Success," describes arrangements under whic...

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Feb 20, 2013 - ... South Dakota Division of Insurance requires insurers writing personal umbrella policies to provide prominent disclosure to applicants and named insureds when such policies do not include coverage for injury...

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Jun 4, 2012 - Wildfires are big news, and have been so for at least two decades, since the Oakland Hills conflagration of 1991 killed 25 people and destroyed nearly 4,000 homes in Oakland and Berkeley, Calif.  As this article is written, residents are being ordered to evacuate areas of Arizona threatened by an out-of-control wildfire. At the same time, political fallout continues in Colorado over deaths and damage that resulted from a "prescribed burn" undertaken, ironically, to reduce the likelihood...

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Aug 15, 2011 - ... such adjustments, the department temporarily suspended applicable rate and form filing requirements. "There was literally millions of dollars of property moved throughout South Dakota," says Randy Moses, deputy director of the South Dakota Insurance Division. "We were telling people to get their property to some place high and dry," he adds. "The (reduced off-premises) limits would not even come close to...

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Jun 30, 2011 - [ACTION_PRINT_ARTICLE] IN THIS ADVISORY Builders Risk endorsements address suspension of construction projects Kevin Ross and Robert Guevara to speak at AICP Annual Conference AAIS prepares latest Inland Marine Cause of Loss Report Three states seek relaxed restrictions on coverage for property moved from floods New York legislature passes bill lifting filing requirements for certain large insureds Builders Risk Endorsements Address Suspension of Constructi...

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Jun 16, 2011 - ... unions South Dakota requires insurers to cover property temporarily if moved from flood area Missouri bulletin reacts to tornado in joplin ...

9.

Mar 1, 2005 - If the debate over the use of claims history reports in homeowners insurance underwriting was merely a question of distinguishing actual claims from general inquiries, the whole controversy might have ended in June 2003. At that time, ChoicePoint, Inc. provider of the Comprehensive Loss Underwriting Exchange (CLUE), issued a letter to participating insurers clarifying that "claim information should be reported to CLUE when there has been a request from an insured or claimant for paym...