Michigan Seeks to Enact Consumer Rate Relief Programs for No-Fault Insurance
On January 15, 2019, the Michigan Senate introduced a bill, Senate Bill No. 1 (“SB 1”), aimed at reducing costs […]
Westmont Wire
Westmont Wire
Travel Insurance Model Law Adopted by the NAIC
On December 19, 2018, the National Association of Insurance Commissioners (“NAIC”) adopted a Travel Insurance Model Law after three years
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New York Department of Financial Services Cybersecurity: Action Required for Regulated Entities
The New York Department of Financial Services (NYDFS) requires all regulated entities and licensed persons to file the annual Certification
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New York Takes a Closer Look at Minimum Loss Ratios
Recently, the New York Department of Financial Services (“NYDFS”) has taken a stricter examination of the minimum loss ratio standards
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Pennsylvania Adopts a Corporate Governance Annual Disclosure Filing Requirement
On October 24, 2018, Pennsylvania signed into law Senate Bill 1205, which adopts the NAIC Corporate Governance Annual Disclosure (“CGAD”)
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North Carolina Issues Bulletin Notifying Insurers of Annual Report Requirements
On October 25, 2018, the North Carolina Department of Insurance issued a bulletin to all property and casualty insurers writing
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Delaware Increases Annual Assessment for Insurers
In September, Delaware Governor John Carney signed HB 303 into law, increasing the annual fraud fund assessment for each insurance
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Florida Freezes Insurance Rates After Hurricane Michael
In the wake of Hurricane Michael, Florida Governor Rick Scott directed Insurance Commissioner David Altmaier to place a 90-day rate
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NYDFS Cyber Requirement Reminder
All Companies Regulated by the New York Department of Financial Services Are Required to Comply with Regulation’s Governance Policies and