NEWS, BULLETINS & ANNOUNCEMENTS

In our ever changing insurance world it is always good to stay up-to-date on the latest news and information. At H.T. Bailey, we provide stimulating industry information, practical risk management tips, and concise summaries and hyperlinks to articles and other new information on the Web. Occasional bulletins on insurance innovations and market developments, as well as product and service announcements are also provided.

COLD WEATHER & FREEZE ALERT

KEEP YOUR HEATING SYSTEMS OPERATING Keep your building and equipment warm. Heating systems are the lifeline of your business during cold conditions
 

Alert Summary

Dealing with Frozen Piping in Fire Protection Systems

While freezing is common and often anticipated in colder climates, losses occur more frequently in milder climates when unexpected cold fronts impact the area. During periods of very cold weather, the likelihood of automatic sprinkler systems becoming impaired by freezing pipes increases substantially. AIG has provided a resource for agents

 

Frozen Piping in Fire Protection Systems

TERRORISM RISK INSURANCE EXTENSION

Information regarding the recent extension to the Terrorism Insurance Act (TRIA). Gives guidance to insurers related to rate filings and policy language that state regulators would find acceptable to protect U.S. businesses from acts of terrorism. The bulletin describes important changes that are contained in the Act and informs insurers regarding whether rate and policy form filings might be needed.
 

Summary of New Extension