Washington State has enacted Senate Bill 5419, which, among other provisions, adds reporting requirements of an insurer when a claim related to fire loss or damage is closed. Within 90 days of closing such claim, insurers must report to the insurance commissioner, in a manner prescribed by the insurance commissioner to include reporting via a third-party vendor, each fire loss of property reported to the insurer. The bill outlines the minimum information that must be reported.
Washington State Enacts Senate Bill 5419
May 27, 2025 / by AAIS posted in Compliance, Washington
Kentucky Issues Advisory Opinion Following Severe Storms in Certain Counties
May 23, 2025 / by AAIS posted in Compliance, Kentucky
On May 20, 2025, the Kentucky Department of Insurance released an Advisory Opinion following severe storms on May 16 and 17, 2025, in Laurel, Pulaski, Russell, and Clay Counties.
Iowa has enacted Senate File 573, which, among other provisions, states that an insured person that makes a first-party claim for repairing or replacing damaged motor vehicle glass is not required to use a particular motor vehicle glass repair shop in order to receive claim payments or other benefits under their policy. Insurers are still able to recommend a shop and maintain a network of motor vehicle glass repair shops.
Montana has enacted House Bill 114, which, among other provisions, requires that insurers maintain books, documents, and other business records in an order that ensures data regarding complaints, claims, rating, underwriting, and marketing materials are accessible by the commissioner. The data must be maintained for at least 5 years.
Maryland Issues Bulletin Following State of Emergency in Allegany and Garrett Counties
May 21, 2025 / by AAIS posted in Compliance, Maryland
On May 16, 2025, the Maryland Insurance Administration (MIA) issued Bulletin 25-8 regarding the cancellations of insurance policies following Governor Wes Moore's Executive Order 01.01.2025.12, which declared a state of emergency for Allegany and Garrett Counties.
Texas Issues Property Direct Written Premium Data Call
May 20, 2025 / by AAIS posted in Compliance, Data Call, Texas
On May 15, 2025, the Texas Department of Insurance (TDI) issued Commissioner's Bulletin #B-0004-25 regarding a data call for 2024 property direct written premium in the Texas catastrophe area.
Louisiana Issues Bulletin Regarding Discount Disclosures
May 7, 2025 / by AAIS posted in Compliance, Louisiana
On May 5, 2025, the Louisiana Department of Insurance issued Bulletin 2025-02 to property and casualty insurers writing homeowners or private passenger motor vehicle policies in the state to inform them of the requirement to disclose all available discounts that could lead to reduced premiums for current or prospective policyholders.
Massachusetts Issues Bulletin Regarding Use of Aerial Imagery
May 2, 2025 / by AAIS posted in Compliance, Massachusetts
On April 30, 2025, the Massachusetts Division of Insurance (DOI) released Bulletin 2025-02 to all property and casualty insurers in the state regarding the use of aerial imagery as an underwriting tool.
Iowa Issues Proclamation of Disaster Emergency for Multiple Counties
Apr 29, 2025 / by AAIS posted in Compliance, Iowa
On April 18, 2025, Iowa Governor Kim Reynolds issued a Proclamation of Disaster Emergency for Buena Vista, Fremont, Page, and Plymouth Counties in response to severe storms and weather that occurred on April 17, 2025.
Oklahoma Issues Bulletin Regarding OK-MAP Annual Assessment
Apr 23, 2025 / by AAIS posted in Compliance, Oklahoma
On April 22, 2025, the Oklahoma Insurance Department issued Bulletin No. 2025-02 to all property and casualty insurers licensed in the state regarding the Oklahoma Market Assistance Program (OK-MAP) annual assessment.