On May 28, 2024, the Arkansas Insurance Department (ARID) issued Bulletin No. 7-2024 following severe weather that occurred in northwest and north central Arkansas. The weather occurred between May 24, 2024, and May 26, 2024, and resulted in a state of emergency being declared on May 26.
Arkansas
Arkansas Issues Moratorium Against Cancellation and Non-Renewal
May 29, 2024 / by AAIS posted in Compliance, Arkansas
Arkansas Issues Tornado Disaster Claims Data Call
Following tornado events that took place in Arkansas on March 31, 2023, the Arkansas Insurance Department (AID) issued Bulletin 8-2023 on May 1, 2023 requesting that all property and casualty insurers (including Surplus Lines carriers) respond to its tornado disaster claims data call.
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.