Westmont Wire

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 ...

South Dakota Uninsured and Underinsured Motorists Forms

In response to the decision of the South Dakota Supreme Court in Streff v. State Farm Mutual Auto Insurance Co., ISO has implemented revisions to certain of its forms regarding ...

New West Virginia Senate Bill exempts certain Commercial Lines from Rate Filing

On March 10, 2018, the Legislature of West Virginia passed Senate Bill 485 regarding rating requirements for commercial insurance lines.   Taking effect on June 8, 2018, the Bill amends ...

South Dakota Bulletin Changes Treatment of Defense Within Limits Provisions

On March 29, 2018, the South Dakota Division of Insurance issued Bulletin 18-01 which implements a significant change to the Department’s treatment of Defense Within Limits provisions for professional liability ...
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