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Federal Authorities Approve Pennsylvania’s Reinsurance Program Waiver Through 2030

PA| Pennsylvania Insurance Department Notice 2024-04 announces that Pennsylvania’s application for a five-year extension of its ACA Section 1332 State Innovation Waiver Reinsurance Program has been approved by federal authorities. This reinsurance program will continue to operate as a claims-based system through December 31, 2030. As part of the waiver requirements, there is an annual […]

Michigan Issues New Guidelines for Insurers’ Use of Aerial Imagery in Homeowners Policies

MI| The Michigan Department of Insurance and Financial Services issued Bulletin 2025-12-INS to remind personal lines homeowners and dwelling insurers that the use of aerial imagery in underwriting, claims, cancellations, or nonrenewals must comply with all applicable insurance laws and regulations. Insurers must ensure aerial imagery is accurate and current, allow policyholders to challenge or […]

New York Requires Insurance Companies to Submit Updated Disaster Preparedness Plans by August 15, 2025

NY| Circular Letter No. 4 (2025) from the New York State Department of Financial Services outlines the expectations for disaster planning, preparedness, and response for life and health insurance companies and related entities operating in New York. The letter emphasizes the importance of proactive annual planning, clear documentation, and coordinated communication to ensure business continuity […]

New York State Mandates Enhanced Disaster Preparedness for Insurance Industry

NY| The New York State Department of Financial Services’ Circular Letter No. 3 (2025) sets forth comprehensive requirements for property/casualty insurers and related entities to ensure robust disaster planning, preparedness, and response. The letter emphasizes: Click here to read full NY Circular Letter 2025-03

Florida Surplus Lines Service Office Issues Notice That Five Surplus Lines Insurers are Currently Out of Compliance with Florida Statute 626.931

FL| The Florida Surplus Lines Service Office (FSLSO) has announced that five surplus lines insurers—Axis Specialty Europe SE, Berkshire Hathaway International Insurance Limited, CNA Insurance Company Limited, QBE Specialty Insurance Company, and Third Coast Insurance Company—are out of compliance with Florida Statute 626.931, which mandates timely filing of required premium reports. Due to repeated non-compliance, […]

Maryland Insurance Administration Highlights Legislative Changes Impacting Health and Property Coverage in 2025

MD| The Maryland Insurance Administration Bulletin 25-9 summarizes all insurance-related laws enacted in Maryland during the 2025 legislative session. It details a total of 38 enacted laws affecting life and health insurance, property and casualty insurance, market regulation, and general insurance matters. Highlights include expanded coverage mandates for preventive health services, hearing aids, prostheses, and […]

Michigan Adjusts Fire Insurance Escrow Cap Following Consumer Price Index Increase

MI| The Michigan Department of Insurance and Financial Services issued Bulletin 2025-14-INS to announce the annual adjustment of the fire insurance maximum escrow under Section 2227 of the Michigan Insurance Code. Effective July 1, 2025, through June 30, 2026, eligible municipalities participating in the fire insurance withholding program may escrow up to 25% of a […]

New Hampshire Insurance Department Warns Producers Against Fraudulent Health Policy Enrollments

NH| The New Hampshire Insurance Department issued Bulletin Docket #INS 25-038-AB in response to numerous consumer complaints about insurance producers misrepresenting themselves or fraudulently enrolling individuals in health insurance policies. The Department found that, in many cases, the “producer of record” listed on applications was not the person who actually interacted with the consumer, and […]