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Mark Fowler, who has been serving a as Alabama’s Acting Insurance Commissioner since the retirement of Commissioner Jim Ridling in July of 2022, has been appointed as Insurance Commissioner by Governor Ivey. Fowler was Chief of Staff of the Department of Insurance prior to being appointed Acting Insurance Commissioner. Fowler joined the department in 2013, serving in the roles of…
Major legislation was passed by the Florida House of Representatives and Senate (SB 2-A) to revamp the Florida property insurance system. The new law creates a $1 billion reinsurance fund to provide critical support for carriers, many of whom have suffered in the violent storm seasons the past two years. The session comes after Hurricane Ian smashed into the southwest…
The Kentucky Department of Insurance (Department) has issued Advisory Opinion 2022-0002, which clarifies the Department’s interpretation of the requirement for insurers to notify insureds of their right to reject the limitation of their tort rights. This Advisory Opinion was issued May 26, 2022, and was effective upon that day. Every insurance company when issuing an automobile policy to a resident…
West Virginia Governor Justice announced, on September 22, 2021, the appointment of former Insurance Commissioner Allan McVey as the new West Virginia insurance commissioner, filling the position recently vacated by Jim Dodrill. The appointment requires the advice and consent of the Senate. McVey, who recently served as secretary of administration, served as commissioner from March 2017 to January 2019.
Members of the National Association of Insurance Commissioners (NAIC) elected officers for 2023 during the closing activities of its Fall 2022 National Meeting in Tampa, Florida. Missouri Department of Commerce and Insurance Director Chlora Lindley-Myers was elected President for the 2023 term. She is the first woman of color to hold the position since the NAIC was founded in 1871.…
Erick Pena v. Viking Insurance Company of Wisconsin, Supreme Court of Idaho (2/1/2022). A recent UIM declaratory judgment action discussed Idaho’s finding that Nationwide’s minimum limits UIM coverage with offsets is an illusory and in violation of public policy. Viking denied Pena’s UIM claim, asserting that tortfeasor’s vehicle was not an “underinsured motor vehicle” as defined by the Policy and that…
John Elias, the former Assistant Commissioner of Insurance in New Hampshire, was approved in May by the New Hampshire Executive Counsel as Commissioner of Insurance after he was nominated by Governor Chris T. Sununu. He replaced Commissioner Roger Sevigny who retired after a distinguished career in the position for 16 years. Elias’ experience in the insurance industry includes seven years…
Michael Conway has been appointed interim Colorado Insurance Commissioner, which became effective January 1, 2018. As Insurance Commissioner, Conway will also head the Division of Insurance (DOI), a part of the Colorado Department of Regulatory Agencies (DORA). Former Colorado Insurance Commissioner Marguerite Salazar, who has been serving in two roles since July 2017, when she was appointed as DORA Executive…
Assemblywoman Marlene Cabride, who has served in the New Jersey General Assembly since 2012 (4 terms), has been nominated as the next Department of Banking and Insurance (DOBI) Commissioner. Replacing current Commissioner Richard Badolato. Upon Senate confirmation, Caride will oversee the state Department of Banking and Insurance, which regulates the state’s banking, insurance, and real estate industries. She currently serves…
The Florida Legislature is planning to take another stab at ending claims abuses blamed for property insurance rate hikes. Property insurers (homeowners and commercial property insurers alike) are battling the well-financed trial attorneys to bring an end to the manipulative self-serving generation of attorney fees from excessive lawsuits by repair contractors working under an affidavit called an assignment of benefits…