October 22, 2008


The AAIS Agricultural General Liability Program



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NOV. 13 WEB SEMINAR TO COVER NEW
AGRICULTURAL GENERAL LIABILITY PROGRAM

AAIS's new Agricultural General Liability Program (AgGL) will be described in a web-based seminar scheduled for 10 a.m. Central time (11 a.m. Eastern) on Thursday, Nov. 13 .

The seminar will feature Sherry Taylor, AAIS manager of farm and agribusiness, and Deborah Summerlin, AAIS vice president of insurance lines, describing the AgGL forms and the features of its manual.

When filed later this year, the AgGL will provide the industry's first general liability forms specifically designed for agricultural enterprises. The program was described in an article in the latest edition of AAIS's Viewpoint magazine.

The seminar is open to staff members of companies affiliated with AAIS for use of its farm and agricultural insurance programs. To register,

Others can ask to participate by contacting Joyce Tignino, vice president of marketing and industry relations, at joycet@AAISonline.com, or by calling 800-564-AAIS.

Boatowners web seminar recording available

A recording is available of a web seminar held earlier this month on the latest revision to the AAIS Boatowners Program. The recording features Pam Nykaza, AAIS senior product development specialist for inland marine, the principal developer of the revision.

For copies of the Boatowners seminar slides, click here.

To access the recording, click here. To hear the audio portion of the recording, you need to have a computer equipped with speakers.


REPORT ON OUTDOOR WOOD BOILERS
INITIATES NEW SERIES ON EXPOSURES

This week, AAIS is initiating a new series of online reports entitled "Emerging Issues and Exposures." These reports will appear periodically in the insurance lines sections of AAISonline, AAIS's public website.

The first such report, found in the personal and farm lines sections of AAISonline, is devoted to the topic of outdoor wood boilers, increasingly used by homeowners to provide heat and hot water to residences.

While wood boilers are marketed as a less hazardous alternative to indoor wood-burning stoves, they pose unique property and liability exposures of their own, which are explored in the report.


NEW YORK CIRCULAR LETTER
MANDATES 'CONTRACT CERTAINTY'

Insurers in New York have until October 16, 2009 to implement practices to ensure that policies and essential documentation are delivered to insureds no later than 30 days after the inception of coverage.

In a recent circular letter, New York Insurance Superintendent Eric Dinallo, cited the "contentious and costly" insurance litigation following the destruction of the World Trade Center as a major reason for requiring insurers in New York to "contract certainty" similar to that mandated in Great Britain as of  2006. According to Dinallo, the World Trade Center litigation demonstrated that "widespread practices" in the insurance business effectively "render contracts uncertain for months after inception" of coverage.

An article on the push for contract certainty in reinsurance, and its impact on primary carriers, appeared in the Spring 2006 edition of AAIS's Viewpoint magazine.


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