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Results for content tagged as Umbrella/excess insurance

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Aug 4, 2015 - AAIS will be revising sample notices in its umbrella insurance programs to incorporate instructions provided in an informational letter from the offices of West Virginia's insurance commissioner. The instructions address the content of mandatory offers of coverage for damage or injury caused by uninsured/under-insured (UM/UIM) motorists. Forms promulgated for those offers are being modified following enactment of a new law increasing the minimum limits in auto policies to meet "proof of financ...

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Mar 11, 2014 -

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Jan 27, 2014 - [ACTION_PRINT_ARTICLE] AAIS has initiated a multi-state filing of policy forms and endorsements, along with corresponding manual rules, for adding personal umbrella liability coverage to an AAIS-based homeowners policy. This filing, which carries a proposed effective date of Sept. 1, 2014 in most states, incorporates changes and updates introduced in an earlier filing of revised forms and endorsements for writing a "stand-alone" policy under the AAIS Personal Umbrella Program (PUP).  Am...

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Feb 20, 2013 - [ACTION_PRINT_ARTICLE] A recent bulletin from the South Dakota Division of Insurance requires insurers writing personal umbrella policies to provide prominent disclosure to applicants and named insureds when such policies do not include coverage for injury arising from uninsured or underinsured motorists (UM/UIM). If UM/UIM coverage is optional, insurers must disclose that the coverage will not be provided unless it is selected by the insured. The AAIS Personal Umbrella Program program does...

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Mar 9, 2012 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., March 9, 2012--The AAIS Agricultural Commercial Umbrella and Excess Liability Program (AgXL) will be reviewed at the March 21-22 Agribusiness Conference in Sacramento, Calif. Sherry Taylor, AAIS manager of farm and agribusiness, will be a co-presenter in the session, along with insurance consultant Marjorie Segale. AAIS is a national insurance advisory organization that develops policy forms and rating information used by more than 700 property/casualty i...

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Nov 17, 2011 - [ACTION_PRINT_ARTICLE] IN THIS ADVISORY Personal Umbrella forms approved in North Carolina AAIS filings to address Utah law on condo insurance requirements Connecticut bulletins address winter storm expectations Personal Umbrella Forms Approved in North Carolina The latest revision of the AAIS Personal Umbrella forms, discussed in a previous Advisory, are approved for use in North Carolina, along with an amendatory endorsement for that state. This is a first-time filing of...

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Sep 19, 2011 - Agricultural Commercial Umbrella and Excess Liability Program (AgXL) AAIS's latest agricultural product innovation is a standardized umbrella/excess liability program designed for farming, agribusiness, or ag-related commercial operations. Although designed to be used with the AAIS AgGL Program, the AgXL forms are flexible enough to be used with other farm and agricultural insurance programs. This program provides three base forms : The Agricultural Commercial Excess Liability F...

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Sep 19, 2011 - Commercial Umbrella Program This program provides two base forms. Commercial Excess/Umbrella Liability Coverage, which includes two coverages whose application depends upon provisions or omissions in the underlying policies: Coverage E - Excess, which provides excess coverage for damage and injuries covered by underlying insurance, and Coverage U - Umbrella, which includes umbrella terms that apply in excess of a self-insured retention for limited types of general liability exposu...

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Jun 15, 2011 - AAIS continues to lead the property casualty industry in developing product designs for agricultural risks. AAIS's latest product development in this area is the new Agricultural Commercial Excess and Umbrella Liability Program, called the "AgXL." The AgXL is a program of policy forms with a sample manual for writing excess and/or umbrella liability coverage over a farm commercial liability or agribusiness general liability policy. The program, available for use by any in...

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Jun 2, 2011 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., June 2, 2011--"Electronic aggression," sometimes called "cyber-bullying," is an excluded offense under newly revised personal umbrella policy forms being filed countrywide by a national property/casualty advisory organization. The American Association of Insurance Services (AAIS) is filing a comprehensive revision of forms and endorsements provided under its Personal Umbrella Program (PUP), a ready-made umbrella program available for use by any insurer. ...