West Virginia Issues Bulletin Regarding Prior Authorizations
WV | The West Virginia Offices of the Insurance Commissioner has issued Bulletin No. 24-03a. On September 16, 2021, the Offices of the Insurance Commissioner (“OIC”) issued Insurance Bulletin No. 21-08 regarding electronic prior authorizations and House Bill 2351 (2019). In 2023, the West Virginia Legislature passed Senate Bill 267 (2023), which updated and amended certain provisions […]
Oregon Surplus Line Association Issues Notice Regarding Payment by Checks
OR | Effective immediately, all surplus lines tax payment checks must be made payable to the “Oregon Department of Consumer & Business Services“. Tax checks made out to the Insurance Commissioner will no longer be accepted. Click here to view the original notice.
Maryland Issues Summary of Insurance Laws Enacted in 2024
MD | The Maryland Insurance Administration has issued Bulletin 24-15. The purpose of this Bulletin is to summarize laws enacted during the 2024 Session of the Maryland General Assembly that are enforced by the Maryland Insurance Administration. Click here for more information.
New York Issues Circular Letter Concerning Disaster Planning, Preparedness, and Response by the Property/Casualty Insurance Industry
NY | The New York Department of Financial Services has issued Circular Letter No. 4. This circular letter sets forth the standards expected of authorized property/casualty insurers, co-operative property/casualty insurance companies, financial guaranty insurance companies, mortgage guaranty insurance companies, title insurance companies, non-profit property/casualty insurance companies, reciprocal insurers, captive insurance companies, the New York State […]
New York Disaster Planning, Preparedness, and Response by the Life and Health Insurance Industries
NY | The New York Department of Financial Services has issued Circular Letter No. 5. This circular letter sets forth the standards expected of authorized life insurance companies, retirement systems, fraternal benefit societies, employee welfare funds, authorized accident and health insurance companies, Article 43 corporations, certified Public Health Law Article 44 health maintenance organizations, municipal cooperative health […]
West Virginia Issues Bulletin Regarding Homeowners’ and Automobile Insurance Rates
WV | The West Virginia Offices of the Insurance Commissioner has issued Bulletin No. 24-04. This Insurance Bulletin is being issued due to recent communications or inquiries to the Offices of the Insurance Commissioner (“OIC”) regarding premium rate increases, especially premium rate increases for home and auto insurance. Recently, consumers have advised the OIC that their insurance […]
Maryland Summarizes Insurance Laws Enacted in 2024
MD | The Maryland Insurance Administration has issued Bulletin 24-15 summarizing laws enacted during the 2024 Session of the Maryland General Assembly that are enforced by the Maryland Insurance Administration (“MIA”). Continue reading.
ELANY Announces Changes to List of E&S Insurers
NY | The Excess Line Association of New York (ELANY) has issued Bulletin No. 2024-16. The following insurer has been deleted from ELANY’s List of E&S Insurers effective January 1, 2024: North American Capacity Insurance Company (NAIC 25038). Click here for more information.
Mississippi Announces Company Name Change on the List of Eligible Non-Admitted Insurers
MS | The Mississippi Surplus Lines Association has issued Bulletin 2024-08, announcing a company name change: Effective June 4, 2024, Lannisport Marine & General Insurance Company, Inc. has changed its name to Dellwood Specialty Insurance Company. Click here for more information.
Texas Announces May 2024 Filings Reach $1.7B
TX | The Surplus Lines Stamping Office of Texas (SLTX) recorded $1.69B in May. This represents a 25.1% increase over May 2023, and 12.9% increase year-to-date. Click here for more information.