New Mexico — Wildfire Infrastructure Damage Loans: New Mexico Governor Michelle Lujan Grisham has signed into law a zero-interest loan package designed to help public entities repair or replace infrastructure damaged by wildfire.
The law was passed by the New Mexico Legislature as a response to the Hermits Peak-Calf Canyon fire. It became the largest wildfire in New Mexico history and was caused by a controlled burn done by the federal government that got out of control.
The law has $100 million set aside to help counties, cities and municipalities recover from wildfire damages.
Source link: Insurance Journal — http://bit.ly/3J9UEPL
Oregon — Recently Adopted Rulemaking: Co-insured language in personal property and casualty policies: The Oregon Division of Financial Regulation recently announced the following permanent rulemaking:
ID 3-2023: Language used for co-insureds in personal property and casualty policies
Adopted Rules: 836-080-0900, 836-080-0905
Rules summary: To define covered loss and innocent person and language used for co-insureds in personal property and casualty policies.
Filed: February 9, 2023
Effective: March 1, 2023
Washington – The PIA of Washington is gearing up for A Day at the Capitol. This is the opportunity for Washington agents to learn the legislative process, understand the current issues affecting the industry and meet with legislators. All this is happening Tuesday, March 14, 2023 at the state capitol in Olympia.