Category: National Insurance Regulation News and Updates
Jan 17, 2017
In its January 12, 2017 statutory report on the Terrorism Risk Insurance Program Reauthorization Act of 2015, which called for a review of alternative funding approaches for the Terrorism Risk Insurance Program, the U.S. Government Accountability Office (“GAO”) determined …
Jan 13, 2017
The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation today extended until February 17, 2017 the comment period for the advance notice of proposed rulemaking on enhanced cyber risk management …
Jan 9, 2017
In a report issued today, January 9, 2017, the U. S. Government Accountability Office (“GAO”) said that the Federal Emergency Management Agency (“FEMA”) has yet to revise its compensation practices for Write-Your-Own (“WYO”) companies to reflect actual expenses as …
Jan 3, 2017
The Federal Emergency Management Agency (“FEMA”) issued Bulletin W-16091 on December 30, 2016 to provide guidance on National Flood Insurance Program (“NFIP”) requirements for claims handled by “Write Your Own” companies. The guidance focuses on the use of services …
Dec 13, 2016
California Insurance Commissioner Dave Jones has issued new Anti-Steering in Auto Body Repair regulations that increase consumer protections to prevent consumers from being misled or claims delayed when a collision-damaged vehicle needs to be repaired. Announced today, December 13, …
Dec 5, 2016
California Insurance Commissioner Dave Jones advised today, December 5, 2016, that a new international network of insurance regulators and supervisors has been launched to promote cooperation on critical sustainable insurance challenges, such as climate change. Held in San Francisco, …
Nov 2, 2016
With Directive 16-EX-5 issued yesterday, November 1, 2016, Georgia Insurance and Safety Fire Commissioner Ralph Hudgens instructed all insurers covering property risks in the State of Georgia to provide the following information for all claims that relate to losses …
Nov 1, 2016
The Excess Line Association of New York noted today, November 1, 2016, that it has submitted comments to the New York Department of Financial Services and made a number of recommendations to change the Proposed Regulation 23 NYCRR 500 …
Jul 7, 2016
In Advisory Letter 2016-02 issued today, July 7, 2016, Louisiana Insurance Commissioner Jim Donelon advised all producer agencies on the mandatory reporting requirements of La. R.S. 22:1546 (B), explaining that some may be unaware of and are failing to …
Jul 1, 2016
A new report published by the Ohio Department of Insurance illustrates a competitive Ohio property and casualty insurance marketplace that Ohio Lieutenant Governor Mary Taylor says is benefiting consumers with lower than average premiums and career opportunities. “We are …