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Search Results for terrorism

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1.

Sep 1, 2007 - ... To learn more about associate membership, contact Rick Maka, director of marketing, at contact form , or by calling 800/564-AAIS. The introduction of H.R. 2671 in late June thrust the federal government's terrorism reinsurance program back into the national spotlight and found insurers struggling-as they have since the Terrorism Risk Insurance Act (TRIA) was first enacted in 20021 -to understand the...

2.

Sep 1, 2005 - ... insurers would be forced to ask: How does one classify citizens who carry out acts inspired and encouraged by participants in an international conflict? As most readers know, the U.S. federal terrorism reinsurance program makes a distinction between "certified" acts of terrorism carried out by foreign interests (covered under the program) and "non-certified" acts of domestic terrorism (not covered under...

3.

Jun 1, 2004 - ... overwhelmed by immediate deadlines, Dec. 31, 2005 seems a long way off. But, the property/casualty insurance industry must start preparing for that date now. At the end of 2005, the federal terrorism reinsurance program established under the Terrorism Risk Insurance Act (TRIA) is scheduled to "sunset," absent any congressional action to extend the program. If the program expires, insurers need to...

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Jun 24, 2004 - ... Association of Insurance Services (AAIS) is preparing a countrywide filing of new terrorism endorsements insurers can use in anticipation of the scheduled termination of the federal terrorism reinsurance program. AAIS is a national insurance advisory organization that develops policy forms and rating...

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Jun 11, 2007 - ... business coverage will soon have access to new information for rating terrorism coverage. This month, the American Association of Insurance Services (AAIS) will initiate a countrywide filing of new Businessowners (BOP) manual supplements that include new terrorism loss costs and...

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Sep 1, 2007 - ... three defining characteristics of the federal Terrorism Risk Insurance Program (TRIP) as it was enacted in 2002 and extended in 2005. All three are being fundamentally reconsidered as Congress deliberates on legislation to extend the program...

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Jan 16, 2007 - ... 2007--The American Association of Insurance Services (AAIS) is introducing loss costs for pricing terrorism coverage in its Commercial Properties Program.  A countrywide manual supplement filing, now underway, will substitute the new loss costs, based on modeled data, for rating factors currently filed for...

8.

Jan 17, 2006 - ... Wheaton, Illinois, Jan. 17, 2006--Insurers that write monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. During a conference call today, officials of the U.S. Treasury Dept., which administers the program,...

9.

Mar 15, 2004 - ... and brokerages are invited to respond to a survey on terrorism insurance available at www.AAISonline.com, the Web site of the American Association of Insurance Services (AAIS). The survey asks respondents to estimate how many commercial insureds have opted for coverage...

10.

Jun 1, 2007 - ... program and/or create federal reinsurance for state catastrophe funds. Although no bill had been introduced when this magazine went to press, deliberations are well underway to modify and extend the federal terrorism reinsurance program, and possibly make it permanent. While proposals to create a national insurance charter and regulator seem to be off the table or on the back burner for...