March 9, 2005


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AAIS-IMUA WEB SEMINAR 
ON WEB SITE EXPOSURES
IS NEXT WEDNESDAY

AAIS is teaming up with the Inland Marine Underwriters Association (IMUA) for a joint Web seminar at 1 p.m. Central time, Wednesday, March 16, entitled "Identifying and Insuring Web Site Exposures."

The focus will be on risks of first-party property loss to hardware, software, and data, and related business income losses. Among other things, the session will cover exposures to Web sites based at insured locations or on off-site servers.

 This seminar features two speakers:

  • William Yang, an independent Internet security consultant who  previously served as IT security policy officer for the state of Ohio. 

  • Robert Guevara, AAIS vice president for inland marine, who will discuss policy forms and other information related to Web sites  in the AAIS Inland Marine Guide.

The program is intended for inland marine affiliates of AAIS and members of the IMUA. To register,


AAIS MATERIALS READY FOR JULY 1
RHODE ISLAND LEAD LIABILITY RULES

Restrictions on excluding liability coverage for injury and damage arising from lead will take effect in Rhode Island on July 1.

In 2003, AAIS filed forms, manual rules, and rating information developed to comply with a 2003 Rhode Island law that restricts the ability of insurers to exclude coverage for lead liability arising from  residential property. The materials were approved in time for the law's  original July 1, 2004 effective date, but that date was pushed back one year by the Rhode Island legislature.

The materials will be available under the AAIS Commercial Liability, Dwelling Properties, Farmowners, Homeowners, Mobile-Homeowners, and Personal & Premises Liability programs. Corresponding materials for the AAIS Businessowners Program have been filed for use with the recent comprehensive revision of that program.

For information on affiliating with AAIS for use of those programs, contact Rick Maka, director of marketing, at rickm@AAISonline.com


NEW YORK ISSUES REGULATIONS 
ON USE OF CREDIT INFORMATION

The New York State Insurance Department has issued regulations on the use of credit information in underwriting and rating personal lines insurance.

The regulations, which take effect April 23, include limitations on the use of credit information, requirements for obtaining such information, requirements for consumer disclosure, and requirements for filing credit-based insurance scoring models.


GRAY WOLF SEMINARS SCHEDULES 
ANOTHER AAIS UNDERWRITING ACADEMY 

Gray Wolf Insurance Seminars has scheduled its next "AAIS Personal Lines Underwriting Academy" for May 2-6 in Tinley Park, Ill. (suburban Chicago). Registration is open to all property/casualty professionals that want in-depth training on using the forms and manuals in the AAIS Homeowners, Farmowners, Dwelling Properties, Landlord's Package, Personal and Premises Liability, Personal and Farm Umbrella, and Personal Inland Marine programs.

The academy is led by Gray Wolf senior instructor Fred Macy, who has taught property/casualty courses since 1977 and AAIS-specific courses since 1996.


INDIANA REVISES NOTICE TO POLICYHOLDERS
REGARDING CONSUMER COMPLAINTS

The Indiana Department of Insurance issued a bulletin last week revising the language of a standardized notice to policyholders informing them of how they can contact the department to resolve disputes with insurers.

The new disclosure language is required for all policies issued or renewed 180 days after the bulletin was released on March 3.


 


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