Compliance

Georgia has enacted Senate Bill 201, which, among other provisions, states that no insurer should sell homeowners insurance policies that allow for the assignment of proceeds to a contractor within one year of a natural disaster which causes damage to the insured's property.

Maryland has enacted House Bill 1148, stating that if an applicant for residential condominium unit insurance experiences a lapse in coverage due to an insurer withdrawing from the market, then as outlined in the bill, an insurer may not refuse to issue a policy based solely on the applicant's lapse of coverage.

On May 21, 2025, the Louisiana Department of Insurance issued Bulletin 2025-03 regarding the Louisiana Fortify Homes Program. 

Washington State has enacted Senate Bill 5419, which, among other provisions, adds reporting requirements of an insurer when a claim related to fire loss or damage is closed. Within 90 days of closing such claim, insurers must report to the insurance commissioner, in a manner prescribed by the insurance commissioner to include reporting via a third-party vendor, each fire loss of property reported to the insurer. The bill outlines the minimum information that must be reported.

On May 20, 2025, the Kentucky Department of Insurance released an Advisory Opinion following severe storms on May 16 and 17, 2025, in Laurel, Pulaski, Russell, and Clay Counties.

Iowa has enacted Senate File 573, which, among other provisions, states that an insured person that makes a first-party claim for repairing or replacing damaged motor vehicle glass is not required to use a particular motor vehicle glass repair shop in order to receive claim payments or other benefits under their policy. Insurers are still able to recommend a shop and maintain a network of motor vehicle glass repair shops.

Montana has enacted House Bill 114, which, among other provisions, requires that insurers maintain books, documents, and other business records in an order that ensures data regarding complaints, claims, rating, underwriting, and marketing materials are accessible by the commissioner. The data must be maintained for at least 5 years.

On May 16, 2025, the Maryland Insurance Administration (MIA) issued Bulletin 25-8 regarding the cancellations of insurance policies following Governor Wes Moore's Executive Order 01.01.2025.12, which declared a state of emergency for Allegany and Garrett Counties.

On May 15, 2025, the Texas Department of Insurance (TDI) issued Commissioner's Bulletin #B-0004-25 regarding a data call for 2024 property direct written premium in the Texas catastrophe area.

On May 5, 2025, the Louisiana Department of Insurance issued Bulletin 2025-02 to property and casualty insurers writing homeowners or private passenger motor vehicle policies in the state to inform them of the requirement to disclose all available discounts that could lead to reduced premiums for current or prospective policyholders.