Westmont Wire
ELANY Issues Bulletin Warning Against Impermissible Groups
On June 17, 2019, ELANY issued Bulletin No. 2019-19 regarding Impermissible Group Coverage. The bulletin warns that the New York Department of Financial Services (DFS) has begun to issue fines ...
Kentucky Bill Creates Regulatory Sandbox with the Goal of Encouraging Innovation
On March 26, 2019, Kentucky Governor Matt Bevin signed House Bill 386 into law, creating a regulatory sandbox with the goal of encouraging innovation within the Kentucky insurance industry. The ...
Arizona Raises Minimum Coverage Levels for Liability and Property Auto Insurance
On June 10, 2019, Arizona Governor Doug Ducey signed Senate Bill 1087, raising the minimum level of automobile insurance Arizona motorists will need to carry. The new law is set ...
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 ...