On August 8, 2024, the California Department of Insurance (CDI) released Bulletin 2024-6 to all admitted and non-admitted insurers in the state to issue a mandatory moratorium on the cancellation and nonrenewal of residential property insurance following the emergency declarations due to wildfires in certain counties.
California
California Issues Moratorium Following Wildfires
Aug 15, 2024 / by AAIS posted in Compliance, California
California Issues Moratorium Following Thompson Fire
Jul 22, 2024 / by AAIS posted in Compliance, California
On July 11, 2024, the California Department of Insurance (CDI) issued Bulletin 2024-5 to put in place a mandatory moratorium after a state of emergency was declared following the Thompson Fire.
California Issues Zero Emission Truck Data Call
Feb 8, 2024 / by AAIS posted in Compliance, Data Call, California
On February 1, 2024, the California Department of Insurance (CDI) issued Circular: ZET-2024 (Part 1) to all licensed property and casualty insurers writing Commercial Auto Liability/Physical Damage Insurance regarding a Zero Emission Truck Data Call. This is part one of a two part survey and will focus on insurance offerings, loss experience, vehicle coverage, policy details and coverage limits for Medium and Heavy-Duty Trucks that transport cargo, as defined by the State Air Resources Board.
California Issues Mandatory Moratorium in Response to Wildfires
Sep 19, 2023 / by AAIS posted in Compliance, California
On September 14, 2023, the California Department of Insurance (CDI) issued Bulletin 2023-6 which announced a mandatory moratorium on cancellations and non-renewals in response to the declaration of a state of emergency. The moratorium prohibits any admitted or non-admitted insurer writing residential property insurance in the state of California from issuing a notice of cancellation or non-renewal for one year, starting on August 29, 2023 in affected ZIP codes.
California Issues Mandatory Moratorium on Policy Cancellations and Non-Renewals
Apr 17, 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.
California Issues Bulletin Regarding the Increase in Financial Responsibility Limits
Apr 17, 2023 / by AAIS posted in California
On January 30, 2023, the California Department of Insurance (CDI) issued Bulletin 2023-1 related to the increase in private passenger motor vehicle financial responsibility requirements, pursuant to Senate Bill 1107.
California Releases Annual Notice Outlining Significant Property Insurance Laws
Apr 17, 2023 / by AAIS posted in California
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 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.