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Registration is now open for the 2008 AAIS Main
Event, April 20-22 in Ponte Vedra Beach, Fla. This meeting, the
successor event to the former AAIS annual conference, is devoted to
product-related issues of strategic importance to property/casualty
insurers.
For a detailed description of the meeting and
its social events,
To register for the Main Event,
To reserve a room at Ponte Vedra Inn & Club,
Several experts in insurance and related fields have
been booked to speak at the conference, including:
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Josh Greenbaum, an attorney with the
renowned insurance defense firm Cozen O'Connor, will speak on
"Hazardous Imports and Products Liability."
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Jeff Kucera, consulting actuary with EMB
America, will speak on "The Growth and Evolution of Rating
Variables."
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Robert Parisi, Marsh USA's national
practice leader for network risk, technology, and
telecommunications, will speak on "Underwriting E-commerce
Insurance."
Other prominent political and industry speakers have
been invited, and AAIS is awaiting confirmation from them.
In addition, an executive from EQECAT, one of the
nation's leading catastrophe modeling firms, will speak on the progress
made by modelers over recent years, and the challenges they still face
meeting the expectations of insurers and public officials.
The business program will also feature at least
three other segments:
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An "AAIS Update" session with AAIS staff
discussing program developments over the past year;
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A panel of company CEOs addressing public issues
that will impact insurer strategies; and
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Expanded roundtable discussions on personal,
commercial, farm, and executive matters.
For more information, contact Joseph Harrington,
director of corporate communications, at
joeh@AAISonnline.com, or by
calling 800-564-AAIS.
AAIS affiliates in affected lines have received
bulletins announcing the filing of revised AAIS terrorism endorsements.
Those endorsements have been revised to reflect changes to the federal
terrorism reinsurance program enacted in the recent extension of that
program. On Jan. 22, AAIS began releasing bulletins announcing the
approval or availability of those endorsements in individual states.
AAIS also provided a sample policyholder disclosure
notice in a countrywide bulletin that went to all affected
affiliates.
Summary information on expedited state filing
procedures and AAIS filing action is available in a
table on AAIS's public website. Terrorism materials are available to
AAIS affiliates for affected lines through the
AAISdirect
Internet service.
For information on using AAISdirect, contact
Rick Maka, AAIS director of marketing, at
rickm@AAISonline.com, or by
calling 800-564-AAIS.
The Louisiana Department of Insurance has issued a
regulation for complying with a new state law mandating premium
discounts for 1-2 family owner occupied dwellings that are built or retrofitted to
comply with the State Uniform Construction Code, or have been
retrofitted with construction techniques deemed to mitigate windstorm
damage.
The discounts are not required for commercial
properties, commercial residential properties with three or more units, or to manufactured or
mobile homes. They are required for owner occupied site-built modular homes, however.
The regulation will apply to all applicable
rate filings made after March 31, 2008, and every residential property
insurer is required to make a rate filing no later than Jan. 1, 2009.
AAIS will be taking filing action at a date to be determined and
announced by bulletin.
Insurers writing business in Texas have until Feb. 8
to file a report with the Texas Department of Insurance (TDI) on the
number of policies they had in force in that state as of Dec. 31, 2007.
A TDI
bulletin
explains that the information is needed to provide consumers with
complaint ratios calculated by taking the number of valid, verified
complaints as a percentage of the number of policies in force as of Dec.
31.
The bulletin includes a link to the
instructions for responding to the directive.
Insurers that write liability coverage are invited
to participate in a special AAIS research study regarding the frequency
and severity of claims for personal injury, such as libel, slander, and
violation of privacy.
In particular, carriers are asked to respond to a
voluntary call for personal injury claims data from 2002 through 2006.
Information and instructions are available in a Microsoft Word
document, and a
Microsoft Excel spreadsheet
is provided for responding to the data call.
The study seeks to determine how the frequency and
severity of personal injury claims have been affected by:
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The growing use of e-mail, blogs, "gripe sites,"
networking sites, picture/video phones, and other forms of
electronic communication; and
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The growing incidence of "cyberbullying" and
other offensive behaviors associated with these communications.
All carriers that write personal injury coverage can
participate, whether they are AAIS members or not. Companies that
provide data will receive a report with the aggregate results, plus
analysis.
If you have questions about the study, contact Greg
Jaynes, director of actuarial services, at
gregj@AAISonline.com, or Larry
Thill, manager of data management, at
larryt@AAISonline.com.
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