A.M. Best's Second Release of Best's Underwriting Guide Includes Updated Articles on Wall and Ceiling Contractors, Music Stores and More.Business Editors/High-Tech Writers OLDWICK, N.J.--(BUSINESS WIRE)--May 20, 2004 Insurance underwriters and risk managers will gain a better understanding of industrial and commercial risks as A.M. Best Co. releases the second flow of its 2004 Best's Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Guide. Published since 1974, Best's Underwriting Guide offers underwriters and risk managers descriptions of more than 575 risk classifications that describe each risk and quantify Quantify - A performance analysis tool from Pure Software. the degree of exposure in relevant lines of liability. This guide allows users to quickly become familiar with every aspect of a risk. Best's Underwriting Guide is now being released to new subscribers exclusively in CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). format. With this electronic guide, users can utilize powerful search features and convenient online help. New and revised classifications are released quarterly. Extensively revised classifications released in the second edition of 2004 include: -- Fire Departments -- Fruit Juice Manufacturing -- Manufactured Home Rental Communities -- Municipal Governments -- Ornamental Metalworking -- Sawmills and Planing Mills -- Sheet Metal Work -- Taxidermists -- Waterproofing Contractors In addition, several classifications have been updated to reflect new information. Updated classifications in the second release of 2004 include: -- Automobile and Truck Dismantlers -- Automatic Sprinkler Systems Contractors -- Elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, Contractors -- Hot Tub Dealers and Installers -- Marine Dealers -- Mason Contractors -- Music Stores -- Siding Contractors -- Tile and Marble Contractors -- Wall and Ceiling Contractors A new article on Online Grocery Stores has also been issued to subscribers. Classifications in the CD-ROM provide risk descriptions, relevant hazards and safety measures safety measures, n.pl actions (e.g., use of glasses, face masks) taken to protect patients and office personnel from such known hazards as particles and aerosols from high-speed rotary instruments, mercury vapor, radiation exposure, anesthetic and , materials and equipment used, lines of liability to consider, special exposures, Standard Industrial Classification (SIC) codes, ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. codes and more. New and recently revised classifications also include North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Industry Classification System (NAICS NAICS North American Industry Classification System ) codes. Best's Underwriting Guide is revised four times per year on CD-ROM. For more information, visit www.ambest.com/sales/BUG or call (908) 439-2200, ext. 5742. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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