Westmont Wire

The Texas legislature has recently passed Senate Bill 455 (“SB 455”), relating to arbitration provisions in certain surplus lines contracts. The key highlights are as follows. A surplus lines insurance ...

The State of Illinois has enacted Public Act 103-0142, otherwise known as the Illinois Insurance Data Security Law, effective January 1, 2024. Under the new law, all Illinois Department of ...

The Vermont Department of Financial Regulation has recently issued Bulletin No. 229, reminding all Insurers that decisions or actions that are made or supported by Artificial Intelligence Systems (AI) must ...

The California Department of Insurance has recently issued a notice relating to the reporting requirements of any changes in background information to the Department within 30 days of learning of ...

The Oregon Department of Consumer and Business Services Division of Financial Regulation has recently released Bulletin No. DFR 2023-3 to identify the most common notice and filing issues/deficiencies and to ...

The Delaware Department of Insurance has recently released Domestic and Foreign Insurers Bulletin No. 142/Producers and Adjusters Bulletin No. 36 regarding ​pet insurance policies in Delaware. The key highlights are ...

The Delaware Department of Insurance has recently released Bulletin No. 141 regarding the timeline for filing and reviewing insurers’ rate filings. The key highlights are as follows: Extends the timeline ...

Effective May 25, 2023, the Delaware legislature passed a law amending 18 Delaware Code Section 511, which establishes the minimum amounts of capital and surplus required for a carrier to ...

On July 20, 2023, The Nevada Division of Insurance issued guidance in response to the recently passed Assembly Bill 398, affecting policies of liability insurance including insurance issued by authorized insurers and non-risk ...