Compliance (5)

Florida Issues New Hurricane Debby Reporting Deadlines

Sep 3, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On August 28, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a follow-up Data Call Notice for Hurricane Debby, requiring certain insurers to submit simplified catastrophe reporting.

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Oklahoma Issues Bulletin Requiring Market Survey Attestation

Aug 30, 2024 / by AAIS posted in Compliance, Oklahoma

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On August 22, 2024, the Oklahoma Insurance Department (OID) issued Bulletin No. 2024-07, notifying insurers of rule changes and requiring certain insurers to file a Market Survey Attestation.

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Illinois Enacts House Bill 5357

Aug 29, 2024 / by AAIS posted in Compliance, Illinois

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Illinois has enacted House Bill 5357, which requires insurers, upon receiving homeowners insurance applications, to provide applicants with information regarding the availability of coverage for losses caused by a sewer backup or sump pump overflow, including coverage limits and costs.. Additionally, insurers are required to provide to the insured this information, along with details of their existing coverage, at least 30 days prior to each renewal of any homeowners policy. The bill is effective January 1, 2025.

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Washington Issues Annual Residential Policy Nonrenewals and Cancellations Data Call

Aug 28, 2024 / by AAIS posted in Compliance, Data Call, Washington

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On August 22, 2024, the Washington State Office of the Insurance Commissioner (WOIC) issued a residential policy nonrenewals and cancellations data call, along with instructions and the worksheet that is to be submitted.

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Iowa Issues Proclamation of Disaster Emergency for Monona County

Aug 27, 2024 / by AAIS posted in Compliance, Iowa

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On August 19, 2024, Iowa Governor Kim Reynolds issued a Proclamation of Disaster Emergency for Monona County in response to the severe storms and weather that occurred on June 21, 2024. This proclamation follows the activation of Federal Emergency Management Agency's (FEMA) Individual Disaster Assistance Program, identifying a need to assist individuals and families adversely affected by this disaster, on August 2, 2024.

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Connecticut Issues State of Emergency in Certain Counties Following Flooding

Aug 26, 2024 / by AAIS posted in Compliance, Connecticut

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On August 22, 2024, the Connecticut Insurance Department (CID) issued a Department Notice to all insurers informing them of the recent declaration of a state of emergency in Fairfield, New Haven, and Litchfield counties following significant flooding. 

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Florida Issues New Reporting Deadlines for Hurricane Debby Data Call

Aug 21, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On August 20, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a follow-up Data Call Notice for Hurricane Debby, requiring certain insurers to submit simplified catastrophe reporting.

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Oklahoma Enacts Rule 365:15-1-26

Aug 16, 2024 / by AAIS posted in Compliance, Oklahoma

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Oklahoma has enacted Rule 365:15-1-26, requiring insurers to conduct a market survey of the prices charged by certain repair facilities to establish a competitive price for motor vehicle repairs. The surveys should be updated sufficiently to reflect current market conditions. Upon request from the Department, insurers must provide copies of the surveys within 20 days.

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California Issues Moratorium Following Wildfires

Aug 15, 2024 / by AAIS posted in Compliance, California

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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.

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Florida Issues Follow-Up Data Call For Hurricane Debby

Aug 13, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On August 12, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a follow-up Data Call Notice for Hurricane Debby, requiring certain insurers to submit simplified catastrophe reporting.

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