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Maine Clarifies Timeline for Adding Towing and Storage Coverage

Apr 24, 2024 / by AAIS posted in Compliance, Maine

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On April 17, 2024, the Maine Bureau of Insurance (MEBOI) issued Bulletin 473 in regards to adding coverage for towing and storage to certain policies. 

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Maryland Requests Accommodations for Those Impacted by Bridge Collapse

Apr 23, 2024 / by AAIS posted in Compliance, Maryland

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On April 15, 2024, the Maryland Insurance Administration (MIA) issued Bulletin 24-9 to all carriers, both personal and commercial lines of insurance and all lines of life and health insurance, doing business in the state of Maryland to make reasonable accommodations to all individuals and businesses that were impacted by the reduced operations of the Port of Baltimore following the collapse of the Francis Scott Key Bridge.

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Maryland Issues Bulletin Regarding Diminution of Value Damages

Apr 18, 2024 / by AAIS posted in Compliance, Maryland

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On April 12, 2024, the Maryland Insurance Administration (MIA) issued Bulletin 24-8 to all insurers authorized to issue motor vehicle insurance in Maryland requiring uninsured/underinsured (UI/UIM) coverage for diminution of value damages. 

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Delaware Releases Financial Responsibility Forms for Auto Insurers

Apr 17, 2024 / by AAIS posted in Compliance, Delaware

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On April 15, 2024, the Delaware Department of Insurance (DEDOI) released Auto Bulletin No. 35 informing all Delaware licensed insurers, brokers, and agents providing automobile coverage in Delaware that new financial responsibility forms are available on the Delaware Division of Motor Vehicles (DMV) website. The provided new forms are:

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Maryland Enacts Senate Bill 254

Apr 16, 2024 / by AAIS posted in Compliance, Maryland

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Maryland Senate Bill 254, which was enacted on April 9, 2024, will require auto carriers to change the method of reporting insurance coverage to the Maryland Motor Vehicle Administration from an electronic to an online system. The bill also eliminates the requirement to report new policies for non-fleet vehicles and enacts a requirement to report all active policies. Under the bill, the format and cadence for online reporting will be determined by the MVA.  The bill becomes effective on January 1, 2025.

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Kentucky Enacts Senate Bill 29

Apr 12, 2024 / by AAIS posted in Compliance, Kentucky

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On April 2, 2024, Kentucky enacted Senate Bill 29. Among other things, this bill establishes definitions and claims practices around auto glass repair and advanced driver assistance systems, sets guidelines for auto glass repair facilities, and clarifies underinsured motorist credits and offset handling for insurers. 

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Maryland Requests Contact Information Following Francis Scott Key Bridge Disaster

Apr 12, 2024 / by AAIS posted in Compliance, Maryland

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The Maryland Insurance Administration (MIA) has requested that insurers provide contact information for the persons whom the MIA may contact directly regarding the Francis Scott Key Bridge collapse. The provided information should include:

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New York Issues Public Auto Classification Data Call

Apr 9, 2024 / by AAIS posted in Compliance, Data Call, New York

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On April 3, 2024, New York's Department of Financial Services (DFS) released a letter pursuant to Section 308 of the Insurance Law requiring companies reporting written premium for commercial automobile insurance in calendar year 2023 to complete a survey. This survey requests detailed information on the total number of policies and direct premiums written, by category, for all public auto rate classifications during the time period of January 1, 2023, through December 31, 2023. Any rate revisions that are being contemplated, or changes in your current level of writings in the immediate future, should also be included.

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Florida Issues Additional Data Call Following Hurricane Ian

Apr 8, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On April 4, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a data call notice requiring enhanced catastrophe reporting for April 2024 in response to Hurricane Ian.

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Michigan Adjusts Minimum Claims Amount for Homeowners Nonrenewals

Apr 5, 2024 / by AAIS posted in Compliance, Michigan

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On March 27, 2024, the Michigan Department of Insurance and Financial Services (DIFS) released Bulletin 2024-02-INS, updating the minimum dollar amount of the three-year claim history to be used for nonrenewal of a home insurance policy, effective on January 1, 2024.

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