On February 27, 2023, the California Department of Insurance (CDI) issued its 2023 Annual Notice describing the most significant California laws pertaining to property insurance policies, including those related to a declared state of emergency.
California Releases Annual Notice Outlining Significant Property Insurance Laws
Apr 17, 2023 / by AAIS posted in California
South Dakota Enacts Revisions to Rebating Provisions
Apr 17, 2023 / by AAIS posted in South Dakota
On February 22, 2023, the South Dakota Legislature enacted Senate Bill 85 which revises the state's rebating provisions related to certain insurance practices, such as the offering of value-added products or services, conduct of raffles or drawings, and the use of certain phrases in advertisements. The bill becomes effective July 1, 2023.
Multiple States Issue Policy Cancellation Moratorium Following Severe Weather
As a result of the severe storms and tornadoes on March 31, 2023 and April 1, 2023, the Arkansas Insurance Department (AID) and the Indiana Department of Insurance (IDOI) issued bulletins to insurers implementing a policy cancellation moratorium.
Mississippi Encourages Insurers to Work with Policyholders Affected by Severe Weather
Apr 17, 2023 / by AAIS posted in Mississippi
On March 27, 2023, the Mississippi Insurance Department (MID) issued Bulletin 2023-2 regarding policyholders affected by the March 24, 2023 severe weather.
New Jersey Orders Auto Insurers to Submit Underwriting Guidelines and Rules
Apr 17, 2023 / by AAIS posted in New Jersey
On April 6, 2023, the New Jersey Department of Banking and Insurance (DOBI) issued Order A23-01 and Bulletin No. 23-04 regarding the underwriting guidelines and rules of private passenger automobile policies in force in New Jersey.
New York Issues its Annual Data Call for Public Auto Classifications
On October 28, 2022, the New York Department of Financial Services (DFS) issued its annual data call for commercial automobile liability insurers covering public automobile classifications, pursuant to Section 308 of the Insurance Law.
Florida Requires Enhanced Hurricane Ian Catastrophe Reporting
On December 22, 2022, the Florida Office of Insurance Regulation (OIR) issued a notice to the industry regarding its data call related to Hurricane Ian catastrophe claims.
Florida Requires Monthly Hurricane Nicole Catastrophe Reporting Through Feb. 2023
On December 2, 2022, the Florida Office of Insurance Regulation (OIR) issued a notice to the industry regarding its data call related to Hurricane Nicole catastrophe claims.
Florida Requires Biweekly Hurricane Ian Catastrophe Reporting Through December
On November 30, 2022, the Florida Office of Insurance Regulation (OIR) issued a notice to the industry regarding its data call related to Hurricane Ian catastrophe claims.
California Issues Mandatory Moratorium on Policy Cancellations and Non-Renewals
Jan 4, 2023 / by AAIS posted in California
On November 28, 2022, the California Department of Insurance (CDI) issued Bulletin 2022-15 regarding a mandatory moratorium on residential property insurance policy cancellations and non-renewals after the declaration of a state of emergency.
