Search
Search

Michigan Issues Bulletin Regarding Property and Casualty Guaranty Association’s Annual Adjustment of the Net Worth Limit and Claim Cap

MI| The Michigan Department of Insurance and Financial Services has issued Bulletin 2025-04-INS which updates the annual adjustments for the Michigan Property and Casualty Guaranty Association. For the period from January 1, 2025, to December 31, 2025, the insured’s net worth limit has been set at $38,900,000, and the covered claim cap has been adjusted […]

Delaware Issues Revisions to Bulletin No. 40 Regarding Request for Letter of Intent When Withdrawing Line or Product from the Market

DE| The revised bulletin from the Delaware Department of Insurance, dated January 27, 2025 (previously issued May 3, 2024), addresses insurance carriers to outline the requirement for notifying the Department when intending to withdraw or discontinue any line of business or product in the state’s market. This measure aims to maintain transparency and prevent potential […]

ELANY Announces New Coverage Codes for Business Interruption and Parametric Insurance

NY | The Excess Line Association of New York has issued Bulletin No. 2025-04. New York recently authorized business interruption and parametric insurance, respectively. These coverages may be placed with excess line insurers subject to diligent effort and other requirements of the excess line laws. The Department of Financial Services has assigned excess line coverage […]

Colorado Amends 5-2-16 Disclosure Requirements for Passenger Auto Policies

CO| The updated regulation aims to provide clear and comprehensive information to policyholders about their coverage, rights, and obligations. It introduces new requirements for insurers, including the provision of summary disclosure forms in English and Spanish, language selection options for policyholders, and specific rules for policy cancellation, non-renewal, and premium increases. The amendments to Regulation […]

Maine Suspends Enforcement of Rule 850 Identification Requirements for Health Plan Appeals

ME| The Maine Bureau of Insurance has suspended enforcement of certain provisions in Rule Chapter 850 that require insurance carriers offering health plans to include employee names, titles, and credentials on consumer appeal decision notices due to concerns about employee safety. While these identification requirements are temporarily waived, carriers must still comply with other consumer […]

Alaska Division of Insurance Temporarily Allows Limited Employee Identification in Grievance Communications to Enhance Staff Safety

AK| Bulletin B 25-05 issued by the Alaska Division of Insurance, addresses concerns about the safety of insurance company employees in grievance communications. It permits health insurers to replace full employee names with partial names or unique identifiers in consumer-facing grievance communications, provided the reviewers can still be tracked internally. This temporary measure, expiring on […]