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AAIS has taken the first step in what will be a
comprehensive countrywide revision and update of its earthquake rating
information. The earthquake rating revision, in turn, is the first of
similar planned revisions of rating information for other perils.
In Kentucky, AAIS has filed new earthquake rating
information for its Homeowners, Mobile-Homeowners, Dwelling
Properties, Farmowners, and Farm Properties programs.
In addition, AAIS has filed a new earthquake manual supplement that can
be used with each of those lines.
In coming months, similar supplements will be filed for personal and
commercial lines in other states.
The earthquake revision features two new initiatives
for AAIS:
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The rating information incorporates catastrophe
modeling data supplied by one of the world's leading catastrophe
modeling firms.
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The supplement assigns ZIP Codes to earthquake
rating zones based on zones identified by the U.S. Geological Service.
AAIS program users will be able to look up the
earthquake rating zone for each ZIP Code; conversely, users can see all the ZIP
Code areas assigned to each rating zone. Users of AAISdirect will
have a direct link from their line-specific manuals to the earthquake
supplement.
On Jan. 4, a bulletin was distributed to AAIS
commercial lines affiliates summarizing the Terrorism Risk Insurance
Extension Act of 2005 and addressing coverage issues under AAIS
programs.
On Jan. 6, bulletins were distributed to AAIS farm
and commercial crime affiliates addressing the status of terrorism
coverage under those lines, now that they have been eliminated from
coverage under the federal terrorism reinsurance backstop.
"Executive Leadership: Decision-Making in a
Dynamic Environment" is the theme of the
2006 AAIS Annual
Conference,
April 9-11 at The Ritz-Carlton in Sarasota, Florida. To register,
This conference is designed to provide information and
guidance to property/casualty executives faced with a growing demand to
make more decisions, more quickly, in a market with more uncertainty and
complexity. Our speakers include the following:
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Professor J. Edward Russo of Cornell University
will lead a half-day session on effective decision-making. Each
registrant will receive a complimentary copy of his book Winning
Decisions: Getting It Right The First Time.
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Ernst Csiszar, president of the Property Casualty
Insurers Association of America (PCI), will address a range of public
decisions facing the industry.
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Matthew Josefowicz, manager of the global
insurance group for the research and consulting firm Celent, will
speak on the future of insurance technology.
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John Lucker, principal, and Jim Marino, director,
Deloitte Consulting, will speak on the growing use of new predictive
analytics (e.g., scoring) for underwriting small commercial accounts.
Also, a panel of company executives is being formed to
share insights on decisions they have made to position their companies for
success. Other speakers may be invited as the event approaches.
Social events at the conference include a golf outing
at the Legacy Golf Club in Bradenton, a spouse/guest tour of the Ringling
estate, and a closing reception and dinner at The Ritz-Carlton Members
Beach Club.
For more information, contact Joe Harrington, director
of corporate communications, at joeh@AAISonline.com
or by calling 800-564-AAIS.
Users of AAISdirect
now see a new, more
attractive home page when they sign on. This redesign
is the first step in a long-term initiative to enhance the content and
functionality of the service.
AAISdirect is the online library of AAIS
forms, manuals, bulletins, and other information. Among other things,
the new design allows users to initiate searches directly from the
home page, while retaining the existing tabs familiar to current users.
The new design also displays the user's navigation
chain (e.g., Homeowners > Bulletins > Massachusetts), and allows users to
initiate new searches from their results page.
For information on licensing use of AAISdirect,
contact Rick Maka, director of marketing, at
rickm@AAISonline.com or by
calling 800/564-AAIS.
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