Our thanks to all of you who attended our annual Policyholders’ Conference in Baltimore. Based on the evaluations you submitted, it was one of our most successful conferences, with 84% of members and brokers rating the conference as either “outstanding” or “exceeds expectations.” More than 1,000 attended the event this year, and we were pleased that the number of members attending increased over last year, which was particularly gratifying given the ongoing consolidation of companies within the industry and the restrictions on travel budgets.
We are grateful for your positive feedback on the Baltimore conference and hope you will save the date for PHC 2014, which will be held Monday, July 28 to Thursday, July 31, 2014 at the Manchester Grand Hyatt in San Diego, California.
AEGIS has partnered with GCube to offer a deductible buyback property program for AEGIS members who own/operate wind or solar facilities.
Deductibles as low as $100,000 for property damage and 30 days for business interruption are available, and lower deductibles are available if warranted, in cases such as small-scale solar projects below 5-10 MW capacity. The program covers the difference between the corporate deductible and the GCube-quoted deductible. For example, if the corporate master program has a $1,000,000 property deductible, the AEGIS-GCube Buyback Program offers coverage up to $900,000 excess of $100,000.
The policy form for the buyback will be the broad GCube renewable form for wind and solar, but the policy will be issued on AEGIS paper. AEGIS can retain this risk or cede it to a GCube-arranged reinsurance slip. Brokers can submit an application to either GCube or AEGIS. For more information, please contact Gary Ladman by e-mail or by phone at 201.508.2802.
We recently adjusted our policy application submission procedures to help members and brokers comply with the new Home State regulations in effect as a result of the Nonadmitted Reinsurance and Reform Act (NRRA) within the Dodd-Frank Wall Street Reform & Consumer Protection Act.
Prior to any underwriting negotiations for all new or renewal business, we will now request designation of the Home State by the risk manager for business placed directly, or by the broker for broker-placed business. In addition, for broker-placed business, we will ask the broker to supply the producer license number for the surplus lines producer in the Home State designated in the submission. In the future, our policy applications will include a request for a certification for this information.
If you have any questions regarding this change in procedures, please contact your AEGIS underwriter.
Please register now for the next AEGIS Claims Roundtable seminar – Witness Selection and Preparation – which will be held on Thursday, September 26 in Boston.
Trials are won and lost based on the quality of the witness selection and preparation that’s done before setting foot in the courtroom. Every fact, expert and rebuttal witness must be carefully considered in order to help the judge or jury render a favorable decision. What are the criteria for selecting a specific type of witness? How does a witness present him/herself? How does a witness react to questioning? Experienced trial counsel, expert witnesses and industry professionals will answer these questions and discuss strategies for selecting and preparing witnesses for deposition and trial.
As always, you're welcome to attend AEGIS Claims Roundtables in person or by videoconference, and Continuing Legal Education (CLE) credits are offered. For more information about the AEGIS Claims Roundtable program, please contact Jeff Schupack by e-mail or by phone at 201.508.2658.
Please join us at the RIMS Canada conference, which will be held October 6 to October 9 in Victoria, BC. If you would like to contact any of the following AEGIS or AEGIS London staff who will attend the conference, please send them an e-mail:
You can also stop by the AEGIS and AEGIS London booth in the exhibit hall, located in space #4, and join us for drinks and conversation on Monday, October 7, from 5:00 pm to 7:00 pm, at Milestones Grill & Bar, located at 812 Wharf Street, which is a short walk from the Hotel Grand Pacific.
Sponsored by AEGIS Loss Control, the agenda includes presentations by industry experts, consultants, and AEGIS member companies on a variety of topics that affect electric and natural gas systems during and following events such as wildfires, tornadoes, ice storms, earthquakes, floods and hurricanes. The seminar covers issues regarding storm preparation, mutual aid, communications with emergency responders, the public and customers, weather patterns, nationwide utility disasters, and the lessons learned to improve emergency preparedness, along with new drone technology to assess storm damage. On Wednesday evening, we hope you’ll join us at our reception at Lucas Oil Stadium, home to the Indianapolis Colts.
AEGIS member company personnel from risk management, operations, maintenance, engineering and claims, as well as AEGIS brokers, are encouraged to attend.
Please register now and make your hotel reservations. You can make your hotel reservations online as part of the registration process, or you can call the hotel directly at 800.228.3000. Please be sure to mention AEGIS to get the group rate of $149 per night, including taxes.
If you have any questions about the program, please contact Scot Macomber, Manager – Utility Operations by e-mail or by phone at 201.508.2739. For questions regarding the hotel or other logistics, please contact Leah Convery by e-mail or by phone at 201.508.2872.