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Results for content tagged as Liability insurance

1.

Aug 20, 2012 - AAIS led the way in introducing sales-based rating for agricultural liability. Now it is following up by supporting optional acreage-based rating for several farm classes. In 2009, AAIS introduced sales-based rating for farm classes under its Agricultural General Liability Program (AgGL) , the first standardized general liability program designed for agricultural operations. At the time, the introduction of sales-based rating in place of acreage-based rating was similar to the substitution...

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Aug 17, 2012 - NOTE: The format of the AAIS Advisory has changed, starting in June 2012. Notices are now posted individually as they arise, then combined in a periodic email message. The Ohio Department of Insurance has approved optional exclusion endorsements AAIS has developed to allow insurers to exclude coverage for dangerous or vicious dogs as defined by Ohio statute.  The exclusions were filed under AAIS personal and farm programs that provide liability coverage; program bulletins have been is...

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Feb 29, 2012 - ... way that is strategically directed by investors for the sole purpose of maximizing their profit. Immediate Despite NAMIC's concern, there appears to be relatively little current or imminent threat to insurers writing liability insurance for individuals and small businesses. Although litigation financing has been growing in use and volume over the past decade, an April 2010 RAND Corporation report on "alternative litigation...

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Sep 19, 2011 - Agricultural Commercial Umbrella and Excess Liability Program (AgXL) AAIS's latest agricultural product innovation is the industry's first standardized umbrella/excess liability program designed for farming, agribusiness, or ag-related commercial operations. Although designed to be used with the AAIS AgGL Program, the AgXL forms are flexible enough to be used with other farm and agricultural insurance programs. This program provides three base forms : The Agricultural Comm...

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Sep 19, 2011 - Commercial Inland Marine The AAIS Commercial Inland Marine Program provides insurers with a comprehensive set of filed commercial inland marine forms and rating procedures that are consistent with those found in the Inland Marine Guide, AAIS's industry-leading program for the nonfiled classes. As with AAIS forms for the nonfiled classes, AAIS forms for the filed commercial classes have common inland marine conditions built in, eliminating the need for bridge endorsements. The forms can be pa...

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Sep 19, 2011 - Commercial Umbrella Program This program provides two base forms. Commercial Excess/Umbrella Liability Coverage, which includes two coverages whose application depends upon provisions or omissions in the underlying policies: Coverage E - Excess, which provides excess coverage for damage and injuries covered by underlying insurance, and Coverage U - Umbrella, which includes umbrella terms that apply in excess of a self-insured retention for limited types of general liability exposu...

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Jun 15, 2011 - AAIS continues to lead the property casualty industry in developing product designs for agricultural risks. AAIS's latest product development in this area is the new Agricultural Commercial Excess and Umbrella Liability Program, called the "AgXL." The AgXL is a program of policy forms with a sample manual for writing excess and/or umbrella liability coverage over a farm commercial liability or agribusiness general liability policy. The program, available for use by any in...

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Jun 2, 2011 - Wheaton, Ill., June 2, 2011--"Electronic aggression," sometimes called "cyber-bullying," is an excluded offense under newly revised personal umbrella policy forms being filed countrywide by a national property/casualty advisory organization. The American Association of Insurance Services (AAIS) is filing a comprehensive revision of forms and endorsements provided under its Personal Umbrella Program (PUP), a ready-made umbrella program available for use by any insurer. The AAIS PUP provides a...

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May 19, 2011 - Wheaton, Ill., May 19, 2011--Insurers that write general liability coverage for farms and agribusinesses will soon have access to new policy forms for writing excess and umbrella coverage. The American Association of Insurance Services (AAIS) recently initiated a countrywide filing of its new Agricultural Commercial General Liability Excess and Umbrella Program (AgXL). The program, available for use by any insurer, includes three base forms (two umbrella and one excess) and nearly 140 m...

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Apr 18, 2011 - Wheaton, Ill., April 18, 2011--Property/casualty insurers face a growing threat from the recovery of communications stored electronically, according to Anthony "Tony" Zelle, a speaker at the recent AAIS Main Event conference held in Ponte Vedra Beach, Fla. Zelle is founder of the law firm Zelle McDonough & Cohen LLP and chairman of the insurance law committee of the Defense Research Institute. The Main Event is a conference devoted to product-related issues of strategic concern to prope...