Westmont Wire
TDI issues series of Bulletins providing insurance policy guidance due to winter storm
On February 19th, the Texas Department of Insurance (TDI) issued Bulletins # B-0005-21, # B-0006-21, and # B-0007-21 to provide guidance regarding insurance policies addressing the recent winter storm. Bulletin ...
Connecticut DOI further extends effective date of Data Security Act
On February 10th, 2021 the Connecticut Department of Insurance issued Bulletin IC-43 replacing previously issued Bulletin IC-42 regarding data security. Bulletin IC-43 further delays the effective date of the Conn. Gen. ...
Texas Proposed Bill requiring Business Interruption Insurance
SB 249 is a Texas Bill recently proposed by Sen. Charles Schwertner, which would require business interruption insurance to “cover loss caused by a pandemic, including loss caused by the ...
California DOI issues notice on Proposition 22 Insurance provisions
On February 3rd, 2021 the California Department of Insurance issued a notice regarding the newly enacted Proposition 22 and related insurance coverage for app-based transportation occupations. Proposition 22 requires the ...
Pennsylvania DOI issues Notice to Medical Malpractice insurance carriers
On January 30th, 2021, the Pennsylvania Department of Insurance issued Notice 51 Pa.B. 664 directed to medical malpractice insurance carriers requiring a response to a data call pursuant to 40 P.S. ...
Michigan DOI issues Bulletin regarding Automobile Rule and Rate filings
On January 28th, 2021, the Michigan Department of Insurance issued Bulletin 2021-07-INS as a reminder to automobile insurers that, beginning February 1st, 2021, personal automobile rule and rate filings must ...
Louisiana DOI Issues Bulletin Regarding New TRIA Guidelines
On January 20th, 2021, The Louisiana Department of Insurance issued Bulletin 2021-01 to advise insurers of the recent amendment and extension to the Terrorism Risk Insurance Act (TRIA). Additionally, the ...
Texas DOI issues Notice to all Texas Automobile Insurers
On December 28th, 2020, the Texas Department of Insurance issued a notice to remind automobile insurers of the new “class of driver” exclusion prohibition. Per Texas Insurance Code Section 1952.353, automobile ...
Connecticut DOI Financial Statement Bulletin to all Foreign surplus line insurers
On December 18th, 2020, the Connecticut Insurance Department issued Bulletin Number FS-4SL-20 requiring that every eligible foreign surplus line insurer submit to the Commissioner a report, in compliance with NAIC ...