BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P1H REFRESH-INTERVAL:P1H CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU DTSTART:20070101T000000 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:Eastern Daylight Time END:DAYLIGHT BEGIN:STANDARD RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU DTSTART:20070101T000000 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:Eastern Standard Time END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/New_York:20270224T120000 DTEND;TZID=America/New_York:20270224T140700 X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Hot Topics In Personal Lines DESCRIPTION:This seminar begins with a practically oriented inquiry into how losses are adjusted on a day-to-day basis. The seminar introduces not only the two key adjustment valuation measures "actual cash value" and "replacement cost" but also stresses to the students that the concepts are not as uniform and concrete as industry practice may suggest. It then explains why this matters and includes practical illustrations of loss adjustment scenarios in which it is either impractical\, impossible\, or at least implausible to recreate precisely what the insured had prior to the loss. These situations include older homes with ornate or impossible to replace materials\; farm structures which cannot be rebuilt\; and similar instances in which loss adjustment or settlement is complicated.\n\nThe seminar then turns to the increasingly frequent and vexing problem of who is a "resident" of a household for insurance purposes. For nearly two decades\, states such as Indiana has used formulations such as\, "[O]n the whole\, the person will be a resident if all the facts demonstrate that he or she has maintained a 'fixed abode' in the household for some continuous time." (Allstate Insurance Co v. Shockley (S.D. In. 1991)).\n\nPractically speaking\, this is not of much assistance to producers. The section (and the problem) is illuminated by examining some of the other rules for "residency\," such as:\n\n\n The person need not be a permanent member of the household.\n The person must possess the subjective intent to stay for more than a "transitory" period\;\n That subjective intent may be found in objective words and actions.\n\n\nThe seminar then turns to issues connected with having a personal lines insured operate a business out of the insured home. This section discusses the prevalence of such arrangements\, and also how those arrangements are treated under industry standard forms. This section concludes with a discussion of case law. \n\nPresenter Richard S. Pitts\nClick here to register X-ALT-DESC;FMTTYPE=text/html:

This seminar begins with a practically oriented inquiry into how losses are adjusted on a day-to-day basis. \; The seminar introduces not only the two key adjustment valuation measures &ndash\; &ldquo\;actual cash value&rdquo\; and &ldquo\;replacement cost&rdquo\; &ndash\; but also stresses to the students that the concepts are not as uniform and concrete as industry practice may suggest. \; It then explains why this matters and includes practical illustrations of loss adjustment scenarios in which it is either impractical\, impossible\, or at least implausible to recreate precisely what the insured had prior to the loss. \; These situations include older homes with ornate or impossible to replace materials\; farm structures which cannot be rebuilt\; and similar instances in which loss adjustment or settlement is complicated.

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The seminar then turns to the increasingly frequent and vexing problem of who is a &ldquo\;resident&rdquo\; of a household for insurance purposes. \; For nearly two decades\, states such as Indiana has used formulations such as\, &ldquo\;[O]n the whole\, the person will be a resident if all the facts demonstrate that he or she has maintained a &lsquo\;fixed abode&rsquo\; in the household for some continuous time.&rdquo\; \; (Allstate Insurance Co v. Shockley (S.D. In. 1991)).

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Practically speaking\, this is not of much assistance to producers. \; The section (and the problem) is illuminated by examining some of the other rules for &ldquo\;residency\,&rdquo\; such as:

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The seminar then turns to issues connected with having a personal lines insured operate a business out of the insured home. \; This section discusses the prevalence of such arrangements\, and also how those arrangements are treated under industry standard forms. \; This section concludes with a discussion of case law. \;

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Presenter \; Richard S. Pitts

\nClick here to register LOCATION: UID:e.1233.1582725 SEQUENCE:3 DTSTAMP:20260718T193318Z URL:https://members.iiabsc.com/eventcalendar/Details/hot-topics-in-personal-lines-1863924?sourceTypeId=Hub END:VEVENT END:VCALENDAR