On June 24, 2024, the Washington State Office of the Insurance Commissioner (WOIC) issued a news release urging insurance companies to extend the additional living expenses benefit for wildfire victims who are nearing their 12-month limit on that coverage.
AAIS
Recent Posts
Washington State Requests Extension of Additional Living Expenses Benefit Following Recent Fires
Jun 28, 2024 / by AAIS posted in Compliance, Data Call, Washington
Louisiana Issues Data Call on Homeowners Insurance Policies
Jun 27, 2024 / by AAIS posted in Compliance, Data Call, Louisiana
On June 18, 2024, the Louisiana Department of Insurance (LDI) issued Bulletin 2024-01 to all property and casualty insurers, providing notification and guidance on reporting requirements relating to homeowners insurance policies issued in Louisiana.
New Mexico Issues Emergency Order in Response to Fire Emergencies
Jun 26, 2024 / by AAIS posted in Compliance, New Mexico
On June 18, 2024, the New Mexico Office of Superintendent of Insurance (NMOSI) issued Emergency Order 2024-0051 in response to fire emergencies in various parts of New Mexico. The Emergency Order mandates insurers who write property, homeowners, and automobile policies in the affected counties to implement specific measures to help policyholders.
Louisiana has enacted multiple bills in this year's legislative session. Summaries of some of the recent bills follow.
Florida Issues Data Call Following Flash Flooding
Jun 21, 2024 / by AAIS posted in Compliance, Data Call, Florida
On June 20, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a Data Call Notice following Invest 90L South Florida Flash Flooding, requiring certain insurers to report claims data.
West Virginia Issues Bulletin Regarding Inquiries About Rate Increases
Jun 20, 2024 / by AAIS posted in Compliance, West Virginia
On June 5, 2024, the West Virginia Offices of the Insurance Commissioner (OIC) issued West Virginia Insurance Bulletin No. 24-04, addressing consumer inquiries regarding recent premium rate increases, particularly in home and auto insurance.
Washington Issues Reminder on Premium Change Transparency Rule
Jun 18, 2024 / by AAIS posted in Compliance, Washington
On May 24, 2024, the Washington State Office of the Insurance Commissioner (WOIC) issued a reminder to insurance companies of their obligation to let policyholders know why their premiums have gone up.
South Carolina Issues Liability Data Call
Jun 14, 2024 / by AAIS posted in Compliance, Data Call, South Carolina
On June 7, 2024, the South Carolina Department of Insurance (SCDOI) issued a Notice of Liability Data Call to all insurers licensed or authorized to write property and casualty insurance coverage in South Carolina.
New York Issues Disaster Preparedness Circular Letter
Jun 13, 2024 / by AAIS posted in Compliance, New York
On June 5, 2024, the New York State Department of Financial Services (DFS) issued Insurance Circular Letter No. 4 regarding disaster planning, preparedness, and response by the property and casualty insurance industry.
District of Columbia Clarifies Unfair Trade Practices Regulations for Homeowners Insurance
Jun 13, 2024 / by AAIS posted in Compliance, District of Columbia
On May 31, 2024, the District of Columbia Department of Insurance, Securities, and Banking (DISB) issued Bulletin 24-IB-003-05/31 to all property and casualty insurance companies licensed to do business in the District of Columbia to remind them of their obligations under the Unfair Trade Practices Regulations.