On October 31, 2025, the Virginia Bureau of Insurance (Bureau) issued Administrative Letter 2025-06 to address whether labor expenses and other nontangible items may be depreciated in "actual cash value" (ACV) loss settlement calculations under property insurance policies that contain ACV or replacement cost loss settlement conditions.
AAIS
Recent Posts
Virginia Issues Letter Regarding Depreciation of Labor and Nontangible Items
Nov 17, 2025 / by AAIS posted in Compliance, Virginia
Alaska Issues Moratorium Following West Coast Storm
Nov 11, 2025 / by AAIS posted in Compliance, Alaska
On October 31, 2025, the Alaska Division of Insurance (AKDOI) issued Bulletin B25-08, which supersedes Bulletin B25-07, providing requirements for insurers following the storms that impacted the west coast of Alaska.
Arizona Issues Bulletin Following Heavy Rains in Certain Counties
Nov 10, 2025 / by AAIS posted in Compliance, Arizona
On October 29, 2025, the Arizona Department of Insurance and Financial Institutions (Department) issued Bulletin 2025-09 (Addendum) to expand the relief areas originally specified in the previous Bulletin 2025-09.
Missouri Issues Bulletin as Addendum and Clarification on Moratorium Following Severe Storms
Nov 7, 2025 / by AAIS posted in Compliance, Missouri
On November 4, 2025, the Missouri Department of Commerce and Insurance (Department) issued Insurance Bulletin 25-11 as an addendum and clarification to Insurance Bulletin 25-10.
Washington State Issues Property and Casualty Policy Count Data Call
Nov 6, 2025 / by AAIS posted in Compliance, Data Call, Washington
On October 31, 2025, the Washington State Office of the Insurance Commissioner issued a Property and Casualty Policy Count Data Call with instructions, requiring all authorized property and casualty companies that transacted insurance business in the state during 2024 to respond.
California has enacted Assembly Bill 815 and Assembly Bill 987. Summaries of each bill follow.
Colorado Issues Bulletin Following Southwestern Floods
Nov 4, 2025 / by AAIS posted in Compliance, Colorado
On October 31, 2025, the Colorado Department of Regulatory Agencies (DORA) issued Bulletin No. B-5.55 regarding insurer practices following floods that occurred in Pagosa Springs and the southern part of the state.
Michigan Issues Bulletin Providing Additional Information for Automobile Claims Handling
Oct 31, 2025 / by AAIS posted in Compliance, Michigan
On October 24, 2025, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2025-25-INS, which supersedes Bulletin 2025-19-INS, to address unfair or abusive acts and practices within the claims administration process for automobile insurance.
Colorado Issues Bulletin Regarding Wildfire Damage Sub-limits
Oct 29, 2025 / by AAIS posted in Compliance, Colorado
On October 20, 2025, the Colorado Division of Insurance (DOI) issued Bulletin No. B-5.53 to provide their position on wildfire smoke, soot, ash, odor, and char damage sub-limits.
Colorado has amended 3 CCR 702-10, which, among other provisions, establishes governance and risk management requirements for private passenger automobile insurers that use external consumer data and information sources (ECDIS).
