The Texas Department of Insurance has taken the next step in implementing the Covered Agreement requirement by adopting rules relating to reciprocal reinsurers with the effective date of the rule on January 1, 2022.
S.B....more
As COVID-19 shelter-in-place orders keep businesses closed and drivers off the road, the risk of loss normally associated with driving or operating a business has decreased. As a result, personal lines auto insurers have...more
In response to the COVID-19 pandemic, the Texas Governor’s Business and Community Development Division has published helpful frequently asked questions for local small businesses and community economic development partners to...more
The Texas Department of Insurance issued Commissioner's Bulletin # B-0018-20, postponing the filing of the Corporate Governance Annual Disclosure required by H.B. 3300 passed by the Legislature in 2019.
The required...more
The National Association of Insurance Commissioners (NAIC), with industry input, developed a survey for gathering information related to the impact of COVID-19 on insurers and how insurers are responding to this unprecedented...more
Almost every disaster with insurance implications is followed by some sort of regulatory or legislative inquiry. Usually it begins with a data call or a complaint inquiry and then often turns into market conduct examinations...more
On Friday, March 13, 2020, Texas Governor Greg Abbott issued a Proclamation declaring a state of disaster for the entire state of Texas as a result of the growing crisis related to COVID-19.
As in past disaster...more
Governor Greg Abbott has signed into law two bills recently passed by the Texas Legislature. House Bills 1306 and 1940 provide new opportunities for surplus lines agents and insurers in Texas.
HB 1306 -
Reacting to the...more
To kick off the New Year, the New York Department of Financial Services (“DFS”) published Insurance Circular Letter No. 1 (2019) warning life insurers that use of external consumer data and information sources, commonly...more
The Lt. Governor, as presiding officer of the Senate, and the Speaker of the House of Representatives have made their committee appointments. The two committees which will be responsible for most insurance related legislation...more
The Texas Department of Insurance released its 2018 Biennial Report to the Legislature with recommendations and policy discussions for the upcoming legislative session. The Department recommends the Legislature:
Require...more