New Mexico

New Mexico Issues Bulletin and Emergency Order Following Wildfires

Oct 7, 2024 / by AAIS posted in Compliance, New Mexico

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On October 2, 2024, the New Mexico Office of Superintendent of Insurance (NMOSI) issued Updated Bulletin 2024-009 to all insurers that have issued automobile policies in the state, following the Salt and South Fork fires.

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New Mexico Issues Underwriting Guidelines Data Call

Sep 18, 2024 / by AAIS posted in Compliance, Data Call, New Mexico

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On September 13, 2024, the New Mexico Office of Superintendent of Insurance (NMOSI) issued Corrected Bulletin 2024-016, requesting all insurers that have issued residential property insurance policies covering risks located in the state to file underwriting guidelines.

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New Mexico Requests Relief Following Wildfires

Jul 26, 2024 / by AAIS posted in Compliance, New Mexico

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On July 24, 2024, the New Mexico Office of Superintendent of Insurance (OSI) issued a notice to all property and casualty insurers doing business in New Mexico requesting relief for the victims of the Salt and South Fork wildfires.

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New Mexico Issues Emergency Order in Response to Fire Emergencies

Jun 26, 2024 / by AAIS posted in Compliance, New Mexico

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On June 18, 2024, the New Mexico Office of Superintendent of Insurance (NMOSI) issued Emergency Order 2024-0051 in response to fire emergencies in various parts of New Mexico. The Emergency Order mandates insurers who write property, homeowners, and automobile policies in the affected counties to implement specific measures to help policyholders.

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New Mexico Issues Bulletin Regarding Automatic Rate Escalations

Apr 17, 2023 / by AAIS posted in New Mexico

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On November 1, 2022, the New Mexico Office of Superintendent of Insurance (OSI) issued Bulletin 2022-020 regarding automatic property and casualty insurance rate escalations covering risks located in the state of New Mexico.

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