The Maryland Insurance Administration (MIA) has requested that insurers provide contact information for the persons whom the MIA may contact directly regarding the Francis Scott Key Bridge collapse. The provided information should include:
Compliance (12)
Maryland Requests Contact Information Following Francis Scott Key Bridge Disaster
Apr 12, 2024 / by AAIS posted in Compliance, Maryland
New York Issues Public Auto Classification Data Call
Apr 9, 2024 / by AAIS posted in Compliance, Data Call, New York
On April 3, 2024, New York's Department of Financial Services (DFS) released a letter pursuant to Section 308 of the Insurance Law requiring companies reporting written premium for commercial automobile insurance in calendar year 2023 to complete a survey. This survey requests detailed information on the total number of policies and direct premiums written, by category, for all public auto rate classifications during the time period of January 1, 2023, through December 31, 2023. Any rate revisions that are being contemplated, or changes in your current level of writings in the immediate future, should also be included.
Florida Issues Additional Data Call Following Hurricane Ian
Apr 8, 2024 / by AAIS posted in Compliance, Data Call, Florida
On April 4, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a data call notice requiring enhanced catastrophe reporting for April 2024 in response to Hurricane Ian.
Michigan Adjusts Minimum Claims Amount for Homeowners Nonrenewals
Apr 5, 2024 / by AAIS posted in Compliance, Michigan
On March 27, 2024, the Michigan Department of Insurance and Financial Services (DIFS) released Bulletin 2024-02-INS, updating the minimum dollar amount of the three-year claim history to be used for nonrenewal of a home insurance policy, effective on January 1, 2024.
Indiana Issues Moratorium Following Recent Disasters
Mar 29, 2024 / by AAIS posted in Compliance, Indiana
On March 25, 2024, the Indiana Department of Insurance (IDOI) issued Bulletin 274 following tornadoes and severe storms that occurred on March 14, 2024. These disaster events resulted in significant property damage in the counties of Delaware, Jefferson and Randolph.
Maryland Sends Reminder of Information Security Program Certification Deadline
Feb 16, 2024 / by AAIS posted in Compliance, Maryland
On February 14, 2024, the Maryland Insurance Administration (MIA) issued Bulletin No. 24-6 reminding those insurers required to file an Information Security Program Certification with the department that the annual filing deadline is April 15. The first certification is to be submitted to the department on or before April 15, 2024. The MIA reviewed criteria for a filing exemption in Bulletin No. 23-18. Bulletin No. 24-6 sets forth the primary method carriers are to use when filing the certification with the department.
North Carolina Issues Beach and Coastal Area Homeowners Data Call
Feb 15, 2024 / by AAIS posted in Compliance, Data Call, North Carolina
On February 6, 2024, the North Carolina Department of Insurance (NCDOI) issued Bulletin 24-B-03 to property and casualty insurers writing Homeowners insurance in North Carolina.
North Carolina Issues Private Passenger Auto and Homeowners Data Call
Feb 9, 2024 / by AAIS posted in Compliance, Data Call, North Carolina
On February 5, 2024, the North Carolina Department of Insurance (NCDOI) issued Bulletin 24-B-02 to property and casualty insurers writing Private Passenger Motor Vehicle Damage and Homeowners insurance in North Carolina.
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.
North Carolina Rate Bureau Sends Schedule For 2024 Data Calls
Jan 31, 2024 / by AAIS posted in Compliance, Data Call, North Carolina
On January 29, 2024, the North Carolina Rate Bureau (NCRB) released Circular Letter G-24-2 providing a schedule of the upcoming Data Calls for 2024 and the details behind each data call.