Westmont Wire

Connecticut Issues New Bulletin Regarding Stop Loss Policies

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

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

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

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

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

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

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

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

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 ...
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