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Results for content tagged as Washington

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Jul 10, 2015 - ... Washington State Insurance Commissioner Mike Kreidler warns insurers that any use of price optimization that results in premiums, rates, or rating factors "unrelated to cost and risk" will be considered...

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Jun 19, 2015 - A new law in the state of Washington allows a notice or other insurance document to be delivered, stored, and presented by electronic means as long as it meets the requirements of the state electronic authentication act.   Also, the bill authorizes standard property and casualty insurance policy forms and endorsements that do not contain personally identifiable information to be mailed, delivered, or posted on the insurer's web site. The law takes effect July 24, 2015. AAIS...

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Sep 10, 2014 -

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Aug 16, 2013 - ... been litigated," Mowry adds, "and it was the desire of the industry to avoid re-litigating provisions because of their use in translations." Informal The laws in Minnesota, Colorado, and the state of Washington codify a practice implemented informally in Georgia, and probably in other states, as well. Regulatory practice in Georgia allows non-English policy documents to be used under essentially the same...

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Jul 23, 2013 - ... Cabell held actuarial positions with Zurich, Allstate, Midwest Employers, and CNA before coming to AAIS, where he will be concentrating on commercial lines pricing. Cabell has a degree in mathematic...

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Jul 21, 2013 - ... Cabell held actuarial positions with Zurich, Allstate, Midwest Employers, and CNA before coming to AAIS, where he will be concentrating on commercial lines pricing. Cabell has a degree in mathematics from Washington University in St. Louis. He will be based in AAIS's headquarters in Wheaton, Ill. AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news...

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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 - If the World Trade Center had not been attacked and destroyed, would we have created a comprehensive new approach to insuring terrorism risk? Would we have done all that on the basis of the Oklahoma City and Pentagon attacks only? No one can say for sure. But clearly, the combination of a massive loss of life plus massive economic losses at the World Trade Center gave powerful, immediate impetus to the creation of the Terrorism Risk Insurance Program. The questions are timely because they...

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Sep 1, 2009 - ... opposite sex couples are also allowed to register as domestic partners, who have some but not all of the rights of spouses in that state. More recently, California, New Jersey, and Washington have allowed opposite-sex couples to form domestic partnerships if at least one of the partners is age 62 or older. This new trend in non-marital partnerships allows widows and...

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Jun 1, 2009 - Of all the federal government programs facing severe financial distress, perhaps none is in a more precarious position than Medicare, the national health insurance program serving the elderly and certain other individuals. According to estimates, the Medicare trust fund will be completely depleted sometime in the next decade unless there are substantial increases in financing and/or cuts in benefits. In the meantime, the federal government is seeking to shore up Medicare's finances by...