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Results for content tagged as Property insurance

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Sep 10, 2014 -

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Jul 22, 2014 - ... the Illinois Condominium Property Act to require that property insurance policies issued to condominium associations provide limits at least equal to the full replacement of the insured structure(s), less deductibles. Coverage under the policies must be sufficient to...

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Dec 9, 2013 - [ACTION_PRINT_ARTICLE] Tony Leist, AAIS assistant vice president of commercial lines, has been selected to address a session at the 2014 Commercial Lines Seminar held by the National Association of Mutual Insurance Companies (NAMIC). The seminar is scheduled for Feb. 26-28 in Chicago., and Tony will be addressing a session entitled "Ordinance and Law/Hidden Exposures" on Thursday morning, Feb. 27. Tony has been with AAIS since 2007, having come here after eight years at American Modern Ins...

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Dec 20, 2012 - In a report available on its website, the Oklahoma Geological Survey (OGS) reports that it received a phone call in January 2011 from a Garvin County resident who reported feeling "several" earthquakes. Upon examination, "several" turned out to be 43. Although "shallow and unique," with no reports of severe damage, those quakes were "large enough to be located," according to the OGS. The earthquakes occurred in an area where energy companies were utilizing hydraulic fracturing, also known...

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Jul 20, 2012 - ... change in the notice requirement was enacted in the same bill that charged the North Carolina Rate Bureau with developing an optional form policy form or endorsement for providing residential property insurance without coverage for windstorm or hail. The notice requirement applies to both commercial and residential policies, however. AAIS Advisory notices are posted periodically to announce AAIS product developments, and...

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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...

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Jun 15, 2011 - Logistics is the wave of the present. "Supply chain management"--the fast, reliable movement of property between an enterprise and its suppliers and customers--is now a well-established strategic and operational imperative for manufacturers and distributors of tangible goods. A critical component of supply chain management has been the integration of cargo shipping, warehousing, and goods processing into nearly seamless operations. "The importance of supply chain manageme...

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Mar 14, 2011 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., March 14, 2011--A new by-peril rating plan for pricing homeowners insurance is now available in several states. To date, the American Association of Insurance Services (AAIS) has filed its Homeowners By-Peril Rating Plan in nearly half the states and received several approvals. Soon, the plan will be filed countrywide. AAIS is a national insurance advisory organization that develops policy forms and rating information used by more than 700 property/casu...

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Jan 12, 2011 - [ACTION_PRINT_ARTICLE] Wheaton, Ill., Jan. 12, 2011--Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment connected or adjacent to buildings. The forms are introduced in a new class of coverage in the Inland Marine Guide, a program of standardized policy forms, rating procedures, underwriting guidelines, and other information for the traditionally nonfiled classes of inland marine insurance. The Guide is...

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Oct 15, 2010 - Does your company insure "green" construction? You might not want to, but you may not be able to avoid it in the future, if green construction standards are incorporated into building codes. Green construction refers to land use and building practices designed to optimize a structure's energy efficiency and minimize its impact on the natural environment. Today, hundreds of communities throughout the United States promote green construction through property tax breaks, rel...