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 […]
Westmont Wire
Westmont Wire
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
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Connecticut Issues New Bulletin Regarding Stop Loss Policies
On August 1, 2018, the Connecticut Insurance Department issued Bulletin HC-120 rescinding and combining provisions from Bulletins HC-95 & PC-75
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Westmont on the Waterfront
Come Visit Westmont Associates, Inc. at the 111th Mid-Atlantic Mutual Advantage Convention! Joseph Keller, Esq. and Katherine Lenguadoro of Westmont
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Final Rule Regarding Short-Term, Limited Duration Insurance
On August 1, 2018, the Department of the Treasury, the Department of Labor and the Department of Health and Human