Latest news releases from American Lease Insurance:
American Lease Insurance Recruits Karen Leonard to Assist International Expansion
Sunderland, MA - 2011-10-14
Karen Leonard has been named business development and client relations manager by American Lease Insurance Agency Corporation (ALI). She will spearhead new business development and provide service and support to existing accounts. “Risk management is both challenging and rewarding: working to understand clients’ needs and assess their exposures to develop a plan that offers the right level of protection at an affordable price. The American Lease Insurance Program is a solid program with obvious advantages. I’m excited to help expand the international reach of ALI.”
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New ACORD Certificate for the Leasing/Finance Industry
Sunderland, MA - 2010-09-17
As published in Leasing News:
“ACORD, the insurance industry standards setting organization, has just released a new ‘Certificate of Vehicle and Equipment Insurance’ that all lessors and lenders should now request from their customers and their agents when documenting evidence of insurance on any leased or financed equipment or vehicle,” said Steve Dinkelaker, President of American Lease Insurance Agency Corporation (ALI), Sunderland, Massachusetts. “Called the ACORD 23, the new Certificate combines for the first time on one certificate information about both property and liability insurance coverage for any leased or financed equipment or vehicle.”
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Latest articles from American Lease Insurance:
New ACORD 23 for Leased and Financed Equipment (PDF)
Sunderland, MA - 2011-01-01
The ACORD 23 is a significant enhancement to current documentation for insurance coverage on all leased
or financed equipment or vehicular transactions. All lenders and lessors funding such transactions should
review and revise, if necessary, their lease insurance requirements and make sure they now call for an
ACORD 23 Certificate of Insurance or equivalent.
[Read the full story]
Avoiding Class Action Lawsuits Concerning Lease Insurance Programs (PDF)
Sunderland, MA - 2006-09-30
Equipment lease insurance is an important protection. But beware of hidden and excessive profits or penalties. When abuses creep in, the cost and risk of class action lawsuits become more real. Here are some ways leasing companies can protect themselves by modifying their standard lease forms - As printed in the Equipment Leasing & Finance Foundations Journal of Equipment Lease Financing, Fall 2006
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