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MO Insurance Director Lindley-Myers Elected President of the NAIC

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 […]

Florida Insurance Commissioner David Altmaier Resigns After serving Six Years

The landmark legislation for the Florida property insurance market that passed the Florida Senate on December 12, 2022, is most likely the final major accomplishment for Florida Insurance Commissioner David Altmaier who submitted his resignation on December 15 (effective December 28, 2022).  Commissioner Altmaier has served as commissioner since 2016 and was the National Association […]

Florida Lawmakers Overhaul Property Insurance Law (12/12/2022)

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 […]

2022 Elections for Insurance Commissioner

November 8, 2022 midterm election results for the incumbent Insurance Commissioners: CALIFORNIA Insurance Commissioner Ricardo Lara won in the 2022 midterm election with 58% of the vote.            GEORGIA Insurance Commissioner John King won in the 2022 midterm election with 54.1% of the vote.            KANSAS Insurance Commissioner Vicki Schmidt won in the 2022 midterm election with […]

Kentucky Auto Point-Of-Sale Tort Notice

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 […]

SC Director of Insurance Ray Farmer to Retire April 15, 2022

Ray Farmer will retire as Director of the South Carolina Department of Insurance on April 15, 2022.  Michael Wise, Deputy Director of Actuarial and Market Services, has been appointed to serve as Acting Director until Farmer’s successor is confirmed by the SC state Senate. Farmer has led the Department of Insurance since 2012.

IDAHO UNDERINSURED MOTORIST (UIM) CASE LAW ON SET-OFFS

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 […]

West Virginia appoints Allan McVey as Insurance Commissioner

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 […]

Cassie Brown appointed Texas Commissioner of Insurance

Cassie Brown has been appointed Texas Commissioner of Insurance by Gov. Greg Abbott for a term that expires on Feb. 1, 2023. Brown has served as Texas Commissioner of Workers’ Compensation since 2018, succeeding Ryan Brannan who left the head post at the Division of Workers’ Compensation in May 2018.

New York DFS – newly appointed Superintendent – Adrienne Harris