Westmont Wire
Florida Grants Insurers the Right to Contribution for Defense Costs
In addition to its previously reported surplus lines updates, Florida’s House Bill 301 added a new statute to the Florida Code, Fla. Stat. § 624.1055, which requires any court ...
Insurance Data Security Legislation Continues to Roll Out
On August 2, 2019, New Hampshire passed Senate Bill 194 implementing insurance data security requirements by adding RSA 420-P:1 et seq. to the New Hampshire Code. The bill requires licensees to implement ...
Texas Doubles Auto Insurance Assessment Fees
In an effort to boost funding for trauma care centers throughout the state, the Texas Legislature passed House Bill 2048, doubling its motor vehicle assessment fee. The new ...
California Supreme Court Upholds $27.5 Million Penalty Against Mercury Insurance
On August 16, the California Supreme Court denied an appeal by Mercury and thus upheld a $27.5 million fine issued by the Department of Insurance against Mercury Insurance Company. The ...
North Carolina Adopts Changes to Its Surplus Lines Regulations
House Bill 220, recently signed into law by the Governor of North Carolina makes significant changes to North Carolina’s surplus lines requirements. HB 220 removes the North Carolina Surplus ...
North Carolina Limits Insurer Investment Abilities
On July 26, 2019, Governor Roy Cooper signed House Bill 220, imposing a limit on the amount a domestic insurer may invest in its affiliates. After finding a ...
Hawaii Announces New Trade Name Approval Processes for Licensees, Producers, and Adjusters
All Insurance Licensees, Producers, and Adjusters will be subject to a new requirement in Hawaii in order to use a trade name. Effective October 1, 2019 all licensees will need ...
DELAWARE FORM FILING FEE CAP: Bill Passes Senate in Waning Hour of 2019 Session
Past midnight on July 1, 2019, the Delaware State Senate unanimously passed House Bill 242, which imposes a $2000 cap on form filing fees per insurer in the filing. HB ...
Florida Passes Surplus Lines Modernization Package
On June 18, 2019, Florida Governor Ron DeSantis signed House Bill 301 into law, implementing two major changes to Florida’s surplus lines regulations. First, HB 301 lifts the $35 cap ...