Posts Tagged: underwriting guidelines;
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Apr 09, 2012
No CommentsMidwest States Issue Interim Guidance on Severe Weather Events
In this past March there were many severe weather events in parts of the United States. In fact, according to the National Weather Service, March saw 223 tornadoes, which is up from an average of 80 from 1991-2010. In the wake of these recent March events, the departments of insurance in the affected states issued special...
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Feb 13, 2012
No CommentsPlug in those Chargers! Portable Electronics Insurance Laws Continue to Expand Across the States, and so do the Adverse Action Notice Requirements
Back in June 2011, my colleague blogged in an article in Compliance Corner about how many states enacted regulation that addresses the specialty insurance for portable electronics in the prior year. As we have hit the beginning of 2012, I thought it would be useful to note that this trend has continued. The states that have...
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Jan 30, 2012
No Comments10 New P&C Underwriting Commandments
As we get ready for 2012 legislative sessions, property and casualty compliance professionals must ensure that policy underwriting guidelines are up to date or risk the wrath of regulators. As always, there was significant legislative activity governing adverse actions in 2011: cancellation, nonrenewal, premium increase or coverage changes and policy declination. In case you missed...
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Dec 19, 2011
No Comments“Other” Adverse Action Notice Requirements to Keep in Mind
Each year property and casualty adverse action notice compliance problems make it into the top 10 list of market conduct examiners’ criticisms. These issues include the requirements for days’ notice, mail type, permitted reasons and actual notice requirements needed on the face of the form or letter itself. We have written about these common issues...
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Sep 19, 2011
No CommentsHomeowners Coverage: A Biting Commentary
Are you lucky enough to have a best friend who is always thrilled to see you, willing to hang out anytime and drop everything for a long walk or a quick snack? Yes, I have a dog too, along with an estimated 39% of American households. We love our dogs – we bring them almost...
