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Covid19 has changed the the world we live in and charged the state insurance regulators to respond to the harsh impact on our economy. Set forth below is a sampling of actions taken with respect to cancellation, nonrenewals, and other actions. The list is by no means comprehensive or meant to be instructive, but does illustrate how some regulators are…
On June 16, 2020, Buckle Corp consummated the purchase of Gateway Insurance Company, an insurer licensed in 47 states to provide insurance to full-time and part-time limo, taxi and rideshare drivers, and providing digital fronting services to the InsureTech community.
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.…
Connecticut has enacted a new law (HB 7126) effective July 1, 2019, that will increase the cost of auto insurance for Connecticut drivers. The new law allows an injured party to recover double or triple damages in civil actions involving a person who operates a motor vehicle while using a hand held mobile device or other electronic device. It will…
Georgia Gov. Brian Kemp announced that Doraville Police Chief John King has been appointed at the Acting Insurance Commissioner during the adjudication of his predecessor Jim Beck, who suspended himself after being indicted on federal charges. Beck was indicted on federal charges including wire fraud, mail fraud and money laundering. He’s accused of devising an elaborate invoicing scheme to defraud…
Tennessee Insurance Commissioner Julie Mix McPeak has resigned from the Tennessee Department of Commerce & Insurance (TDCI). Her last day as commissioner will be June 14, 2019.
Mark Afable has been appointed Wisconsin Insurance Commissioner. Afable, a graduate of the Marquette University Law School, has been an officer of American Family Insurance since 1994, and at the time of his appointment was their Chief Legal Officer. He replaces current Commissioner of Insurance Ted Nickel, who has served as Commissioner since 2011. Afable’s appointment will need to be…
Streff v. State Farm Mutual Auto. Ins. Co., 2017 S.D. 83, was decided by the Supreme Court of South Dakota on December 13, 2017, affecting coverage in private passenger automobile policies for underinsured motorist coverage. The Court held that the government vehicle exclusion with respect to underinsured motorist coverage in private passenger auto policies unenforceable, and that it violates South Dakota public…
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…