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 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 […]

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 […]

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 […]

Filing Insurance Applications in Florida

The question was recently posed in a discussion blog about when an insurer must file Applications with the Florida OIR.  Essentially asking, when does Section 627.410, Florida Statutes, require the Application to be filed.  This filing rule requires filing of an “…application form where written application is required and is to be made a part […]

Connecticut Law Awards Punitive Damages for Using Phones while Driving

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 […]

South Dakota underinsured motorist coverage exclusion found unenforceable

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 […]

Idaho Uninsured and Underinsured Motorist Coverage Election

Effective March 28, 2018, all private passenger automobile insurers in Idaho must use the NEW Uninsured and Underinsured Motorist Disclosure found in which includes election/selection form found in Appendix A of the Idaho Administrative Code at IDAPA 18.01.20 Section .016.  Carriers must begin using the new form for all new policies and those existing policies where UM or UIM […]

Marlene Cabride nominated Banking and Insurance Commissioner in New Jersey

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 […]

Michael Conway is the interim Colorado Insurance Commissioner

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 […]