Delaware Increases the Required Minimum Capital and Surplus Amounts for Licensed Insurers
Effective May 25, 2023, the Delaware legislature passed a law amending 18 Delaware Code Section 511, which establishes the minimum […]
Westmont Wire
Westmont Wire
Nevada Division of Insurance Update Regarding the Regulations Governing Defense Costs
On July 20, 2023, The Nevada Division of Insurance issued guidance in response to the recently passed Assembly Bill 398, affecting policies of
Westmont Wire
Washington Adopted a Rule Requiring Insurers to Inform Policyholder Regarding Premium Increases
On June 22, 2023, Washington Insurance Commissioner Mike Kreidler adopted a rule requiring insurers to explain premium increases to their
Westmont Wire
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New Mexico Superintendent of Insurance Bulletin 2023-014
The New Mexico Superintendent of Insurance recently released Bulletin 2023-014, requiring insurance companies to report claims data related to natural
Westmont Wire
North Carolina Issues Memorandum on Enforcement of Surplus Lines Licensing Laws
The North Carolina Surplus Lines Association (“NCSLA”) announced (https://www.ncsla.com/announcements/ncdoi-audit-memorandum) that it has been notified by the North Carolina Department of
Westmont Wire
New Vermont TPA regulations going into effect on July 1, 2022
Vermont has released information on new TPA regulations signaling new licensing requirements for TPAs operating in the state. The rule
Westmont Wire
Pennsylvania Introduces Program to Encourage Insurance Innovation
The Pennsylvania Insurance Department (PID) announced the implementation of a new program designed to encourage innovation in the insurance industry
Westmont Wire
States Continue to Roll Out Data Security Initiatives
Two additional states recently adopted versions of the NAIC Data Security Model Law. On April 30, 2021, Iowa governor Kim