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AGRICULTURAL OUTPUT PROGRAM
Nationwide Agribusiness, a member company of the
Nationwide group, has adopted the AAIS Agricultural Output Program (AgOP).
Nationwide Agribusiness, based in Des Moines, Iowa,
specializes in insuring agribusinesses and farms. More information on its
decision to utilize the AgOP is found in a press
release.
Modeled in part after the AAIS Commercial Output
Program, the AgOP provides broad commercial property and inland marine
coverage in a single policy form designed for agribusinesses. Four
business income options are available in the base form, and optional
coverage parts are provided for crime and equipment breakdown.
For information on affiliating with AAIS for use of
the AgOP, contact Rick Maka, director of marketing, at rickm@AAISonline.com
or by calling 800/564-AAIS.
AAIS's next Web-based training seminar, scheduled for
1 p.m. Central time on May 25, will address aspects of rating and loss
control in Motor Truck Cargo (MTC) insurance.
Robert Guevara, AAIS vice president of inland marine,
will open the presentation with a review of changes to the rating
procedure provided in the MTC section of the AAIS Inland Marine
Guide.
The Guide is a leading industry resource for
forms, rating procedures, underwriting guidelines, and other information
for the traditionally nonfiled classes of inland marine insurance; Guevara
is its principal developer.
Guevara will be joined by Bruce Dalrymple, president
and CEO of Marine Solutions
Group, LLD, who will describe the use of telephone surveys for loss
control in Motor Truck Cargo.
To register,
The Texas Department of Insurance recently issued a
bulletin updating the state's "Consumer Bill of Rights"
for
homeowners, dwelling, and renters insurance. The bulletin also refers to
updates to a separate bill of rights for personal auto insurance.
Among other things, the updated bill of rights
relating to residential insurance incorporates recently enacted
restrictions on the use of credit information, water claims, mold claims,
and appliance-related claims in underwriting.
The bulletin also announces that the bills of rights
are now available in English and Spanish.
The Oklahoma legislature recently passed a law
essentially limiting the exposure of insurers for mine subsidence
coverage. (Oklahoma does not have a state fund for mine subsidence
insurance.)
The new law says that insurers may provide coverage
for property loses arising from mine subsidence, but there is no
requirement that they do so. Also, insurers that opt to write the coverage
can refuse to provide it for any residential or commercial structure where
there is evidence of unrepaired mine subsidence damage.
If you have questions about Oklahoma's position on
mine subsidence, contact Larris Larsen, AAIS assistant vice
president of compliance, at larrisl@AAISonline.com,
or by calling 800/564-AAIS.
To read the law, go to http://www.lsb.state.ok.us/,
click on "Text of Measures;" under
"Senate Measures" click on "Enrolled;" scroll
down to "SB 321 ENR."
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