Westmont Wire
Connecticut Issues New Bulletin Regarding Stop Loss Policies
August 9, 2018
On August 1, 2018, the Connecticut Insurance Department issued Bulletin HC-120 rescinding and combining provisions from Bulletins HC-95 & PC-75 and HC-108 & PC-80. The new Bulletin reaffirms that the ...
Westmont on the Waterfront
August 3, 2018
Come Visit Westmont Associates, Inc. at the 111th Mid-Atlantic Mutual Advantage Convention! Joseph Keller, Esq. and Katherine Lenguadoro of Westmont Associates, Inc. will be attending the Mid-Atlantic Mutual Advantage Convention ...
Final Rule Regarding Short-Term, Limited Duration Insurance
August 2, 2018
On August 1, 2018, the Department of the Treasury, the Department of Labor and the Department of Health and Human Services issued a final rule regarding Short-Term, Limited Duration Insurance. ...
New California Law Regarding Policy Documents
July 20, 2018
California Governor Jerry Brown has signed legislation intended to provide greater consumer protections to those affected by wildfires. Assembly Bill 1799 requires insurers to provide policyholders with a complete copy ...
California Order Regarding Federal Income Tax Reports
July 12, 2018
On July 2, 2018, the California Department of Insurance released an order requiring workers’ compensation insurers to report their federal income tax savings incurred under the Tax Jobs and Cuts ...
AICP Mid-Atlantic Chapter E-Day
June 11, 2018
Westmont is proud to be a Diamond Level and primary sponsor of the Mid-Atlantic Chapter of the AICP Annual Education Day on Friday, June 15, 2018 at the Hotel Du ...
Excess Line Association of New York Bulletin No. 2018-20
May 25, 2018
The Excess Line Association of New York recently released Bulletin No. 2018-20 as a reminder that all excess line broker business entity licenses expire on October 31, 2018. Included within ...
South Carolina Passes Cybersecurity Bill
May 22, 2018
On May 3, 2018, South Carolina became the first state to enact a cybersecurity law derived from the National Association of Insurance Commissioners’ (“NAIC”) Data Security Model Law. Establishing an ...
William Penn Life Fined $6.3 Million due to Reinsurance Transaction Violations
May 22, 2018
The New York Department of Financial Services (“NYDFS”) assessed a $6.3 million fine on William Penn Life Insurance Co. (“William Penn Life”) for engaging in improper reinsurance transactions. The ...