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Results for content tagged as Liability insurance

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May 6, 2016 - ... loss" exclusions that exclude coverage for losses known to an insured at the time a policy is issued or renewed. Known loss exclusions will continue to be accepted in occurrence-based liability insurance filings in Vermont. AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news items that are relevant to our program users. Advisory notices...

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Dec 18, 2015 -

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Nov 12, 2014 - [ACTION_PRINT_ARTICLE] AAIS is initiating a multi-state filing of "Data Breach Liability" exclusions under its commercial lines programs that provide liability coverage. Upon approval, insurers using the AAIS Artisans, Commercial Liability,  and Commercial Umbrella programs will have use of endorsements that exclude liability coverage for losses arising from an insured's legal liability for unauthorized disclosure of or access to private or confidential information of any person or organ...

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Mar 11, 2014 -

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Jan 13, 2014 - [ACTION_PRINT_ARTICLE] Two insurance industry leaders have been added to the list of participants in the upcoming 2014 AAIS Main Event conference, April 6-8 in Hilton Head Island, S.C. Greg Maciag, president and CEO of ACORD, will moderate a panel of insurance executives and service vendors discussing "Partnerships in Action," a review of methods for establishing and maintaining effective alliances between independent organizations. Listed among the "Top 25 Living Legends of Insur...

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Aug 20, 2012 - AAIS led the way in introducing sales-based rating for agricultural liability. Now it is following up by supporting optional acreage-based rating for several farm classes. In 2009, AAIS introduced sales-based rating for farm classes under its Agricultural General Liability Program (AgGL) , the first standardized general liability program designed for agricultural operations. At the time, the introduction of sales-based rating in place of acreage-based rating was similar to the substitution...

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Aug 17, 2012 - [ACTION_PRINT_ARTICLE] NOTE: The format of the AAIS Advisory has changed, starting in June 2012. Notices are now posted individually as they arise, then combined in a periodic email message. The Ohio Department of Insurance has approved optional exclusion endorsements AAIS has developed to allow insurers to exclude coverage for dangerous or vicious dogs as defined by Ohio statute.  The exclusions were filed under AAIS personal and farm programs that provide liability coverage; progra...

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Feb 29, 2012 - ... way that is strategically directed by investors for the sole purpose of maximizing their profit. Immediate Despite NAMIC's concern, there appears to be relatively little current or imminent threat to insurers writing liability insurance for individuals and small businesses. Although litigation financing has been growing in use and volume over the past decade, an April 2010 RAND Corporation report on "alternative litigation...

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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 Inland Marine The AAIS Commercial Inland Marine Program provides insurers with a comprehensive set of filed commercial inland marine forms and rating procedures that are consistent with those found in the Inland Marine Guide, AAIS's industry-leading program for the nonfiled classes. As with AAIS forms for the nonfiled classes, AAIS forms for the filed commercial classes have common inland marine conditions built in, eliminating the need for bridge endorsements. The forms can be pa...