Westmont Wire
NYDFS Extends Cybersecurity Regulation Compliance Certification Filing Deadline
The New York Department of Financial Services has extended the cybersecurity regulation annual compliance certification filing deadline by 45 days from April 15, 2020 to May 30, 2020. Instructions on ...
Update on Westmont Operations
The health and safety of our clients, friends, and colleagues is in the forefront of our minds as we monitor and react to the COVID-19 virus. In light of the ...
New Address for the Arkansas Insurance Department
On March 9, 2020, the Arkansas Insurance Department issued Bulletin No. 4-2020 informing insurance carriers, producers, licensed entities, and any other interested parties of its address change effective March 15, ...
Connecticut Issues a Reminder for P&C Companies to File Reports
On February 18, 2020, the Connecticut Insurance Department released a notice reminding property and casualty insurers of two upcoming reporting requirements. First, Conn. Gen. Stat. § 38a-393 requires insurance companies ...
Florida Legislature Takes First Step in Proposed No-Fault Car Insurance Law Repeal
With the nation’s third-highest car insurance rates, Florida has once again begun an attempt to repeal its Personal Injury Protection (PIP) statutes. Representative Erin Grall’s proposed House Bill 771 would ...
Adoption of Global Insurance Capital Standard
Although the NAIC has issued a report praising the adoption of changes which are meant to protect U.S. interests in the negotiation of global insurance capital standards with the International ...
Puerto Rico Office of the Commissioner of Insurance Partially Closed for Office Move
The Puerto Rico Office of the Commissioner of Insurance issued CIRCULAR LETTER NO.: CC-2019-1956 -D on November 12, 2019. This notice advised that the Office of the Commissioner of Insurance ...
California Extends Notice of Nonrenewal Requirements on Certain Lines of Insurance
On October 12, 2019, California Governor Gavin Newsom signed Assembly Bill 1816 into law. Among other changes to the Code, AB 1816 amends Cal. Ins. Code § 678 to require ...
California Opens an Investigation into Legality of Affinity Group Discounts
The California Department of Insurance is investigating the legality of discounts offered affinity groups which they claim cause disparities in auto insurance rates that lead to higher rates for lower-income ...