As most of you know, we hold one-day meetings at convenient locations throughout the U.S. to provide you with an opportunity to tell us about the issues on your mind, what you need from AEGIS, and how we're doing. In each city, a small group of members and brokers meets with AEGIS senior management to discuss these topics as well as any new initiatives at AEGIS. Most attendees also find that these small meetings are conducive to comparing notes on risk management issues with other risk managers and brokers.
These regional meetings have been very well received over the past several years and we're planning two meetings before the end of the year:
Milwaukee - Tuesday, October 30
Houston - Tuesday, December 4
Since each meeting is a one-day event, most of you will be able to drive or fly between home and the meeting in your area on the same day. However, if you'd like to stay overnight, AEGIS will reimburse one person from each member company for one night's stay in the meeting hotel. The hotel reservation cut-off date is today, October 8.
Please register now online for the Milwaukee meeting. We're finalizing details for the Houston meeting and we'll provide more information when we get closer to the actual date. If you have any questions in the meantime, please contact Carrie White by e-mail or phone at 201.508.2840.
Based on your continued support of the AEGIS domestic property program, the property underwriting results for the most recent three-year period (ending December 31, 2006) were positive. As a result, we are pleased to declare an overall property credit of $6.5 million. Qualifying policyholders recently received details in the mail regarding their share of this credit and how it can be applied to their property premium upon renewal.
This is the fifth consecutive year that AEGIS has declared a domestic property credit. To date, more than 200 members have chosen to include AEGIS's capacity as a major part of their property programs. With $200 million in property capacity, we are able to lead many member programs and we offer our capacity for construction periods of up to five years – unlike other carriers that often restrict their capacity to 18 months.
These benefits, combined with our collaborative approach to claims management, our expanded property engineering services, and our commitment to share good results among participating members, continue to set the AEGIS property program apart from the commercial market.
To qualify for the property credit, a policyholder must have AEGIS participation of 20% of a quoted layer or $150 million of AEGIS capacity on risk. For more information about the AEGIS property program, please contact Gary Ladman by e-mail or by phone at 201.508.2802.
Please join us for the third topic in our 2007 Claims Roundtable series – Preventing and Defending Asbestos Litigation – which will be held again on October 11 in Los Angeles.
Our panel of claims professionals and counsel will address the current status of asbestos litigation and what lies ahead, including the number and types of asbestos claims currently pending, the varied judicial approaches to handling these claims, and the effects of the many bankruptcies of asbestos-related companies. The panelists will also address legislative proposals that have been enacted or are being considered to control these claims. Speakers include Tulane University Law School Professor Edward Sherman, chair and reporter for the ABA Task Force on Asbestos (2003 to 2005) and a leading authority on asbestos litigation reform. Attendees also will learn the best approaches to managing asbestos claims.
As always, you're welcome to attend AEGIS Claims Roundtables in person or by videoconference, and Continuing Legal Education (CLE) credits are offered.
Please register now online. For more information about the AEGIS Roundtable program, please contact Jeff Schupack by e-mail or by phone at 201.508.2658.
Our complete schedule of 2008 Claims Roundtables, including the "AEGIS Gas and Electric Litigation Services," Technology in the Courtroom - High-Tech Litigation Support" and "Winning at Mediation - Negotiation and Settlement Techniques," is posted on our website.
We also hope that many of you will join us for a "bonus" Claims Roundtable – Global Warming and Climate Change: Understanding The Issues – on November 6 at the AEGIS offices in East Rutherford, NJ.
Global warming has become a significant topic of discussion at both the national and international levels and it's clearly an area of interest to those in the utility and energy industry. The roundtable will include updates on federal legislation, state and regional activity, emerging risk management issues, and the types of cases being brought.
Please register now online or contact Sharon Sarch by e-mail or by phone at 201.508.2654 for details about attending in person or by videoconference. Continuing Legal Education (CLE) credits are offered. For more information about the AEGIS Roundtable program, please contact Jeff Schupack by e-mail or by phone at 201.508.2658.
We recently added a new service to the roster of litigation services we offer to our member companies – the AEGIS Climate Change Litigation Service. This new service is designed to serve AEGIS members presently involved in, or imminently threatened by, climate change-related litigation.
Climate change-related litigation involves highly complex scientific, technical and legal issues that are specific to the climate change controversy. The new global warming litigation service is a single, centralized source of information on climate change litigation and related issues – so it helps members access the information they need in a quick, cost-effective manner while reducing the duplication of effort and the costs associated with litigation.
To learn more about this or any of the other AEGIS litigation services, please visit our website or contact either Jeff Schupack by e-mail or phone at 201.508.2658 or Brian Ekdahl by e-mail or phone at 201.508.2643.
We have also added a new section to our website that focuses on Climate Change. In it, you will find information about recent developments in the law related to climate change – as well as a number of useful articles, case documents, reports and other information arranged by these categories: climate change litigation, legislation regulation and policy litigation, corporate compliance and risk management, and international developments.
AEGIS has partnered with Operations Technology Development (OTD) to produce a new training DVD, "Natural Gas -- Recognizing and Avoiding the Hazards, Volume 2, A Training Tool for Emergency Responders." The program is divided into six sections including Natural Gas Basics, Static Electricity, Fires in Industrial Complexes, Gas Main Leaks and Fires, Odorant Emergencies, and Liquid Natural Gas. The DVD focuses on the properties of natural gas and the correct procedures for responding to gas-related emergency situations, so that first responders are better prepared to protect property, the lives of those they serve and themselves.
AEGIS members may order up to three copies at no cost through the website and additional copies are available at a nominal cost. For more information, please contact Lucille Jackowski via e-mail or phone at 201.508.2736.