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Results for content tagged as Rhode Island

1.

Mar 11, 2016 - Insurers writing residential property coverage in Alabama have little more than a year to determine how they will provide separate premium rates for hurricane, wind/hail, and other perils. Rating plans that comply with this requirement must be filed by June 1, 2017 for rates that take effect no later than Jan. 1, 2018.  To prepare for this impending deadline, insurers can sign up for AAIS's informational web seminar on "Alabama's By-Peril Rating Requirement" at 1 p...

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Sep 24, 2015 - ... Rhode Island and Montana essentially prohibit the use of price optimization in those states.  The Rhode Island bulletin, addressed to personal lines insurers, refers to price optimization as "the judgmental...

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Sep 5, 2014 - ... "residential fire" insurance in Rhode Island will have to provide policyholders upon renewal with specific, prescribed notice of any reductions or eliminations of coverage, and of any increase in deductibles, unless such are...

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Oct 15, 2013 - [ACTION_PRINT_ARTICLE] Rhode Island recently amended its regulation regarding property insurance and weather-related claims to bring it into compliance with a state law that took effect earlier this year. Among other things, amendments to the regulation address: The application of hurricane deductibles (limited to once per policy per year, unless the deductible is not exhausted in its first application); Requirements for nonbinding mediation of claims if elected by an insure...

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Jul 25, 2013 - ... law in Rhode Island codifies regulations regarding  the use of insurance certificates in that state.  The law states that a certificate of insurance cannot amend, extend, or alter the coverage provided by the...

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May 14, 2013 - ... Rhode Island Insurance Division states that all new form filings effective on or after Aug. 1, 2013 must include partners in a same-sex marriage within the definition of "spouse"...

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Mar 1, 2013 - ... hurricane deductibles in northeastern states. Like Sandy, Irene was downgraded from a hurricane to a tropical storm as it moved north. After it did so, insurance departments in New Jersey and Rhode Island notified insurers that the storm did not meet statutory requirements for the application of hurricane deductibles. The New York Insurance Department (now merged into the Department of Financial...

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Feb 25, 2013 - ... Rhode Island Insurance Division issued a recent "industry alert" providing detailed instructions and Internet links for the submission of special data reports. Property/casualty insurers are required to respond to seven...

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Oct 31, 2012 - [ACTION_PRINT_ARTICLE] (UPDATE) Through early November, at least  six states and the District of Columbia had issued official bulletins or orders indicating that separate hurricane deductibles could not be applied to claims arising from "Superstorm" Sandy because it did meet statutory or regulatory criteria for a hurricane. The jurisdictions (with links to bulletins, orders, or releases) are: Connecticut; Delaware; the District of Columbia; Maryland; New Jer...

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Dec 15, 2011 - ... you be safe, healthy, and happy in 2012. Civil unions amendments filed in Delaware and Rhode Island AAIS has filed mandatory endorsements under all personal, commercial, and farm programs in Delaware and Rhode Island to comply with new civil union statutes in those states. The Rhode Island Division of Insurance has approved an endorsement that makes partners in a civil union equivalent...