Around the Western Alliance States

California — Commissioner Lara orders protections for more than 15,000: Helping consumers continue their recovery from wildfires, Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage for more than 15,000 policyholders affected by fires in Del Norte County and Siskiyou County after Governor Gavin Newsom issued emergency declarations on August 29, 2023. …

Around the PIA Western Alliance States – Week of September 18, 2023 Read More »

California —  CAARP Advisory Committee & COIN Advisory Board Appointments: Insurance Commissioner Ricardo Lara announced several appointments to help drive forward the California Department of Insurance’s mission to protect consumers. These appointments include naming new members Colbie McRae, Gloria Mitchell, and Vinh Truong to the Curriculum Board; Michael Golden to the California Automobile Assigned Risk …

Around the PIA Western Alliance States – Week of September 11, 2023 Read More »

Oregon — House Bill 2274 gives State of Oregon new tools to fight securities fraud: The Oregon Division of Financial Regulation (DFR) continues to fight for consumers and investors with the passage of House Bill 2274, which bolsters the division’s enforcement tools in dealing with securities fraud. Oregon securities law currently employs three core mechanisms …

Around the PIA Western Alliance States Read More »

Nevada — New State Law has Potential to Drive Insurers Away: Nevada Insurance Commissioner Scott Kipper has sent a letter to Governor Joe Lombardo. His concern is a new law that takes effect in October that prohibits insurers from writing policies that limit liability by reducing defense costs. In his letter, Kipper told the governor …

Around the PIA Western Alliance States Read More »

Oregon — All insurance producers and producer license applicants: The Oregon Division of Financial Regulation (DFR) wishes to publish a bulletin regarding producer contact information, communications, and application guidance.  Purpose The purpose of this bulletin is to clarify Division of Financial Regulation (DFR) expectations for insurance producers and producer license applicants to provide: 1. Proper …

Around the PIA Western Alliance States Read More »

California — Commissioner Lara issues new, lower workers’ compensation benchmark rate: Insurance Commissioner Ricardo Lara adopted and issued a new and decreased rate for workers’ compensation insurance that reflects California’s growing economy. The Commissioner’s action lowers the benchmark rate to $1.46 per $100 of payroll for workers’ compensation insurance representing a 2.6 percent decrease from …

Around the PIA Western Alliance States Read More »

Arizona — DIFI Receives Accreditation From National Credit Union Organization: On June 7, 2023, the Arizona Department of Insurance and Financial Institutions (DIFI) was approved for Accreditation by the Performance Standards Committee (PSC) of the National Association of State Credit Union Supervisors (NASCUS). DIFI’s Financial Institutions Division participates in a voluntary, in-depth examination every five …

Around the PIA Western Alliance States – June 12, 2023 Read More »

Idaho — Home Disaster & What to do: Idaho is experiencing spring flooding throughout the state and will soon approach wildfire season. If you lose your home or suffer damage, the Idaho Department of Insurance wants consumers to understand what to expect and how to deal with your insurance claim to make the process easier. …

Around the PIA Western Alliance States – Week of June 5, 2023 Read More »

Oregon — To All Entities Transacting Health Insurance in Oregon; All Insurance Producers Selling Health Benefit Plan Policies: The Oregon Division of Financial Regulation has issued a bulletin regarding the end of the federal COVID-19 public health emergency. Purpose This bulletin:   Clarifies the division’s expectations regarding coverage of COVID-19 vaccines, testing, treatment, and telehealth.  Provides …

Around the PIA Western Alliance States – Week of May 15, 2023 Read More »

Montana — Hub Purchases Glacier Insurance: Hub International has acquired the assets of Glacier Insurance in Libby, Montana. The firm’s two owners, Kevin Peck and Kim Peck will stay with the company and join Hub Mountain. Source link: Insurance Journal — http://bit.ly/3L5CsYU Oregon — Oregon’s Health Authority Director Resigns: James Schroeder was appointed interim director …

Around the PIA Western Alliance States – March 6, 2023 Read More »