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Texas Issues Bulletin Regarding Hurricane Beryl – Storm Deductibles

TX | Acting Governor Dan Patrick issued a disaster declaration in response to Hurricane Beryl. Damage and evacuations caused by the disaster might mean people were displaced from their homes and jobs. The acting governor authorized the use of all available state and local government resources necessary to cope with the disaster. (Government Code Section […]

Vermont Authorizes the Use of Catastrophe Adjusters and Appraisers

VT | The Vermont Department of Financial Regulation has issued Insurance Bulletin #231. Due to the scope of damage caused by the July 10-11, 2024, rain and flooding event, the Department has authorized insurers to use Catastrophe Adjusters and Appraisers, pursuant to Title 8 V.S.A. 4803(d)(2). This authorization is effective July 12, 2024, for a […]

Vermont Issues Bulletin Regarding Storm-Related Damages

VT | The Vermont Department of Financial Regulation has issued Bulletin No. 232. On July 10 and 11, 2024, Vermont experienced torrential rains and flooding from the remnants of Hurricane Beryl. In response, Governor Scott extended Vermont’s emergency declaration due to the potential damage expected from this flood event. In light of the state of […]

California Issues Mandatory Moratorium on Cancellations and Non-Renewals of Policies of Residential Property Insurance After the Declaration of a State of Emergency

CA | The California Department of Insurance has issued Bulletin 2024-5. On July 3, 2024, Governor Gavin Newsom proclaimed a state of emergency covering Butte County due to the Thompson fire. Therefore, due to the Governor’s July 3, 2024 declarations, no admitted or non-admitted insurer shall issue a notice of cancellation or non-renewal due to […]

Florida Issues Bulletin Regarding Third-Party Filing Services

FL | The Florida Surplus Lines Service Office (FSLSO) has issued Bulletin: 2023-01. The purpose of this bulletin is to provide notification and clarification regarding the use of third-party filing services to make filings and submit reports to FSLSO. Click here for more information.

New York Issues Circular Letter Regarding the Use of Artificial Intelligence Systems and External Consumer Data and Information Sources in Insurance Underwriting and Pricing

NY | The New York State Department of Financial Services has issued Insurance Circular Letter No. 7 to identify the Department’s expectations that all insurers authorized to write insurance in New York State, Article 43 corporations, health maintenance organizations, licensed fraternal benefit societies, and the New York State Insurance Fund (collectively, “insurers”) develop and manage […]

Alabama Announces Hurricane Sally Data Call

AL | The Alabama Department of Insurance has issued Bulletin No. 2024-03. The purpose of this bulletin is to announce a data call from which to evaluate the performance of loss mitigation features during Hurricane Sally relative to the benchmark FORTIFIED™ mitigation discounts set forth in Bulletin No. 2016-07. As such, this shall be considered […]