Westmont Wire
Illinois Issues Bulletin Reminding Insurers of Workers Compensation Obligations
On May 20, 2019, the Illinois Department of Insurance issued Bulletin #2019-05 regarding all insurers approved to write workers’ compensation insurance. The Bulletin reminds insurers of their obligation to comply ...
California Court Upholds $27.5 Million Penalty Against Mercury Insurance
On May 8, the California Court of Appeals upheld a $27.5 million fine against Mercury Insurance, the largest penalty ever assessed by the California Department of Insurance. Mercury Insurance received ...
Florida Senate Approves Major Surplus Lines Modernization Bill
On May 6, 2019, the Florida Senate passed House Bill 301 in an effort to modernize Florida’s surplus lines requirements. Awaiting final approval by the Governor, the bill removes the ...
Florida’s Assignment of Benefits Bill Makes it to the Governor’s Desk
As a follow up to last week’s Wire regarding a Florida bill reforming existing assignment of benefits (“AOB”) laws, the Florida Senate passed House Bill 7065. On April 24, 2019, ...
Florida House Passes an Assignment of Benefits Reform Bill
On April 11, 2019, the Florida House of Representatives passed a bill attempting to create a reduction in the number of alleged assignment of benefits abuse cases. If it makes ...
Louisiana Issues Directive Clarifying Position on Property Insurance Rates
On March 22, 2019, the Louisiana Department of Insurance (“LDI”) issued Directive 215 clarifying its position on La. R.S. § 22:1460(I)(1)(c), which prohibits the grouping of higher classified public fire ...
New York Attempts to Modernize Its Approach to Excess Lines Brokers
In Issue 19-1 of ELANY Elaborates, ELANY details their collaborative effort with the New York legislature to modernize New York’s approach to excess lines brokers. In an effort to streamline ...
Kentucky DOI Clarifies Position on Arbitration Provisions
On January 25, 2019, the Kentucky Department of Insurance issued Bulletin 2019-1, explaining its position on arbitration or other out-of-court dispute resolution provisions contained in insurance policies. In accordance with ...
Maryland Seeks to Impose Fiduciary Standards on Agents, Brokers, and Dealers
The Maryland Senate and House of Representatives have introduced companion bills-Senate Bill 786 and House Bill 1127-aimed at boosting consumer protection by imposing fiduciary standards on agents, brokers, and dealers ...