Texas Commissioner Emphasizes Growth, Modernization at Insurance Department

Original source: https://www.insurancejournal.com/news/southcentral/2019/09/04/538855.htm

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Insurance Journal (09/04/19)

In a letter to stakeholders talking improvements created by his workplace, Texas Insurance Commissioner Kent Sullivan wrote that during the last decade, the amount of agent and adjuster permits at the Texas Department of Insurance (TDI) increased by 76%, the number of help line calls rose by 73%, and maintains payments increased by 80%. He wrote,”It is critically important that we use technology better and update our procedures, but we have to remain mindful of why these things are significant. Answering calls faster, with artificial intelligence to help review language language, improving our ability to analyze large amounts of data — all these modernization efforts are becoming more and more critical to let us regulate a marketplace that’s as big and complex as this one.” Sullivan welcomed ideas for methods TDI will continue to increase its services to stakeholders…. Read More

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Original source: https://www.insurancejournal.com/news/southcentral/2019/09/04/538855.htm

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Insurance Journal (09/04/19)

In a letter to stakeholders talking improvements created by his workplace, Texas Insurance Commissioner Kent Sullivan wrote that during the last decade, the amount of agent and adjuster permits at the Texas Department of Insurance (TDI) increased by 76%, the number of help line calls rose by 73%, and maintains payments increased by 80%. He wrote,”It is critically important that we use technology better and update our procedures, but we have to remain mindful of why these things are significant. Answering calls faster, with artificial intelligence to help review language language, improving our ability to analyze large amounts of data — all these modernization efforts are becoming more and more critical to let us regulate a marketplace that’s as big and complex as this one.” Sullivan welcomed ideas for methods TDI will continue to increase its services to stakeholders…. Read More

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Uninsured Vehicle Diversion Program Nears 7,500 Participants; No Prosecutions Yet

Original source: https://www.tulsaworld.com/news/state-and-regional/uninsured-vehicle-diversion-program-nears-participants-no-prosecutions-yet/article_041dc291-6014-5afb-8308-5a5d0f437752.html

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Tulsa World (09/05/19) Payne, Stetson

In the 10 months since Oklahoma’s Uninsured Vehicle Enforcement Diversion (UVED) application was started, its camera-equipped automobiles and a trailer’ve crossed the state scan license plates and checking for insurance confirmation. UVED Prosecutor Amanda Arnall Couch says that the application registered 7,348 drivers and has scanned plates in all of the three Panhandle counties paying a $174 fine and agreeing to keep insurance for the following two years. UVED Employs a”hot list” supplied through data from the Oklahoma Insurance Department and also Oklahoma Tax Commission. The Insurance Department provides a photo from insurance firms of Oklahomans’ insurance coverages, while the Tax Commission gives license plates’ database. Arnall Couch admits that issues remain in confirming insurance coverage that is commercial, but says those problems will be gradually resolved by cooperation with insurance companies…. Read More

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Original source: https://www.tulsaworld.com/news/state-and-regional/uninsured-vehicle-diversion-program-nears-participants-no-prosecutions-yet/article_041dc291-6014-5afb-8308-5a5d0f437752.html

I access the world wide web effortlessly to make you to understand to the importance of having a Public Adjuster in your corner. Take a look at this web post we just found.

Tulsa World (09/05/19) Payne, Stetson

In the 10 months since Oklahoma’s Uninsured Vehicle Enforcement Diversion (UVED) application was started, its camera-equipped automobiles and a trailer’ve crossed the state scan license plates and checking for insurance confirmation. UVED Prosecutor Amanda Arnall Couch says that the application registered 7,348 drivers and has scanned plates in all of the three Panhandle counties paying a $174 fine and agreeing to keep insurance for the following two years. UVED Employs a”hot list” supplied through data from the Oklahoma Insurance Department and also Oklahoma Tax Commission. The Insurance Department provides a photo from insurance firms of Oklahomans’ insurance coverages, while the Tax Commission gives license plates’ database. Arnall Couch admits that issues remain in confirming insurance coverage that is commercial, but says those problems will be gradually resolved by cooperation with insurance companies…. Read More

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Maryland Insurance Administration Issues Breach Notification Bulletin

Original source: https://www.lexology.com/library/detail.aspx?g=6473d995-73d1-48e0-b26d-16e06489aada

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Lexology (09/04/19) Haggerty, Patrick H.

An Aug. 29 lien issued by the Maryland Insurance Administration (MIA) attempts to inform insurers, nonprofit health service plans, health maintenance organizations, managed care providers, managed general representatives, and third party administrators of a new security violation reporting requirement into the MIA’s Compliance & Enforcement Unit. Effective Oct. 1, 2019, carriers need to inform the insurance commissioner of a breach of the safety of a system if the provider conducts an investigation required under Sec. 14-3504(b) or (c) of the Commercial Law Article, and also determines that the violation of security creates a likelihood that private data has been or will be falsified. The note has to be given at the identical time that the Maryland attorney general is advised pursuant to Sec. 14-3504(h) of the Commercial Law Article. The note to the commissioner should incorporate a copy of the note, a copy of any notifications delivered to consumers, and a brief description of the circumstances of the security violation. An internet form that can be used to submit the notice has been produced by the MIA…. Read More

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Original source: https://www.lexology.com/library/detail.aspx?g=6473d995-73d1-48e0-b26d-16e06489aada

Our intent is to search the net each day to help you to relate to the betterment of keeping a Property Damage Adjustment Consultant there to assist you. Take a minute to read this web post we just found.

Lexology (09/04/19) Haggerty, Patrick H.

An Aug. 29 lien issued by the Maryland Insurance Administration (MIA) attempts to inform insurers, nonprofit health service plans, health maintenance organizations, managed care providers, managed general representatives, and third party administrators of a new security violation reporting requirement into the MIA’s Compliance & Enforcement Unit. Effective Oct. 1, 2019, carriers need to inform the insurance commissioner of a breach of the safety of a system if the provider conducts an investigation required under Sec. 14-3504(b) or (c) of the Commercial Law Article, and also determines that the violation of security creates a likelihood that private data has been or will be falsified. The note has to be given at the identical time that the Maryland attorney general is advised pursuant to Sec. 14-3504(h) of the Commercial Law Article. The note to the commissioner should incorporate a copy of the note, a copy of any notifications delivered to consumers, and a brief description of the circumstances of the security violation. An internet form that can be used to submit the notice has been produced by the MIA…. Read More

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When Is My Flood Claim Preempted?

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/tq41Dt0RhSM/

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Together with Hurricane Dorian causing flooding over the coast as we talk the query, I often get asked iswhen can I sue my flood insurer for a violation of law? Lately the Corpus Christi Division of the Southern District of Texas dealt with this query. The Plaintiff, La Mirage Homeowners Association, filed suit alleging…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/tq41Dt0RhSM/

We search the net each day to reach out to you to realize to the betterment of keeping a Property Damage Adjustment Consultant on your side. Take a look at this story we just found.

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Together with Hurricane Dorian causing flooding over the coast as we talk the query, I often get asked iswhen can I sue my flood insurer for a violation of law? Lately the Corpus Christi Division of the Southern District of Texas dealt with this query. The Plaintiff, La Mirage Homeowners Association, filed suit alleging…… Continue Reading
Read More

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Following A Close Call is a Great Chance to Get an Insurance Checkup

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/GKYNROjdIXU/

I run around the web each day to reach out to you to realize to the importance of getting a Public Adjuster there to assist you. Take a few seconds to read this web post we found.

Lila Gross is following Hurricane Dorian missed a feature reporter who interviewed me regarding insurance requirements for hurricane policy. Here are the various segments of this story. She investigated the subject and wrote a Fast article, 8 Things To Know About Hurricane Insurance Coverage, as a followup…… Continue Reading
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Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/GKYNROjdIXU/

I run around the web each day to reach out to you to realize to the importance of getting a Public Adjuster there to assist you. Take a few seconds to read this web post we found.

Lila Gross is following Hurricane Dorian missed a feature reporter who interviewed me regarding insurance requirements for hurricane policy. Here are the various segments of this story. She investigated the subject and wrote a Fast article, 8 Things To Know About Hurricane Insurance Coverage, as a followup…… Continue Reading
.

Read More

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Connecticut Health Insurers Defend Higher Rates for 2020 as Consumer Advocates Urge State Regulators to Slow Steadily Rising Costs

Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-20190904-o3a3nsedxbgmbi7lbp6vbh7zha-story.html

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Hartford Courant (09/04/19) Singer, Stephen

In a Sept. 4 hearing before the Connecticut Insurance Department, ConnectiCare defended a proposed 4.9% gain in the state’s human market and 4.8% on average from the small group marketplace. Anthem, meanwhile, seeks an average increase of 15.2percent in the respective market and a 14.8% gain in the small group marketplace. The programs in question pay approximately 147,000 Connecticut residents, based on Connecticut Insurance Commissioner Andrew Mais. He noted,”In addition to the national tax, ongoing increasing cost of health care is a vital driver of health insurance premium rate increase asks .” The insurers cited rising for why they’re seeking rate increases, medical and prescription drug costs. Rob Kosior, chief operating officer of ConnectiCare, noted that individuals who choose not to buy insurance are inclined to be younger and healthier. Mais explained a decision on the prices for next year would come from the end of September. … Read More

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Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-20190904-o3a3nsedxbgmbi7lbp6vbh7zha-story.html

All of the time we access the world wide web each day to help you to understand to the idea of getting a Property Damage Adjustment Consultant on your team. Take a few seconds to read this article we just found.

Hartford Courant (09/04/19) Singer, Stephen

In a Sept. 4 hearing before the Connecticut Insurance Department, ConnectiCare defended a proposed 4.9% gain in the state’s human market and 4.8% on average from the small group marketplace. Anthem, meanwhile, seeks an average increase of 15.2percent in the respective market and a 14.8% gain in the small group marketplace. The programs in question pay approximately 147,000 Connecticut residents, based on Connecticut Insurance Commissioner Andrew Mais. He noted,”In addition to the national tax, ongoing increasing cost of health care is a vital driver of health insurance premium rate increase asks .” The insurers cited rising for why they’re seeking rate increases, medical and prescription drug costs. Rob Kosior, chief operating officer of ConnectiCare, noted that individuals who choose not to buy insurance are inclined to be younger and healthier. Mais explained a decision on the prices for next year would come from the end of September. … Read More

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CoreLogic: More Than 600K Homes in Carolinas Could Be at Risk from Dorian

Original source: https://www.insurancejournal.com/news/southeast/2019/09/05/538944.htm

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Annotation:

Insurance Journal (09/05/19) O’Connor, Amy

Hurricane Dorian might have skirted Florida, but the lethargic storm is directed toward the Carolinas after causing substantial damage in the Bahamas. CoreLogic estimated that in the event the storm is a Category two, almost properties in about 143,000 in South Carolina and North Carolina would be in danger. The combined renovation price value (RCV) to North and South Carolina would be close to about $70 billion. Nearly 600,000 houses in the Carolinas are at risk if the storm is a Category 3. North and South Carolina’s insurance divisions have made addressing the flooding insurance gap a priority during the past couple years. Only over 134,000 homeowners in North Carolina had insurance through the National Flood Insurance Program in the wake of Hurricane Florence, according to North Carolina Insurance Commissioner Mike Causey. South Carolina Insurance Director Ray Farmer stated that the state had over 200,000 flood insurance policies in force, focused largely on the shore. “A much greater job would be needed to convey that homeowners insurance does not cover flood,” he said. Related Stories: PropertyCasualty360; News4JAX; Wall Street Journal (subscription); CNBC; TravelPulse
Read the info about disaster preparedness by the NAIC. … Read More

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Original source: https://www.insurancejournal.com/news/southeast/2019/09/05/538944.htm

Our intent is to browse the web everyday to reach out to you to understand to the importance of keeping a Public Adjuster on your side. Read this story we ran across.

Annotation:

Insurance Journal (09/05/19) O’Connor, Amy

Hurricane Dorian might have skirted Florida, but the lethargic storm is directed toward the Carolinas after causing substantial damage in the Bahamas. CoreLogic estimated that in the event the storm is a Category two, almost properties in about 143,000 in South Carolina and North Carolina would be in danger. The combined renovation price value (RCV) to North and South Carolina would be close to about $70 billion. Nearly 600,000 houses in the Carolinas are at risk if the storm is a Category 3. North and South Carolina’s insurance divisions have made addressing the flooding insurance gap a priority during the past couple years. Only over 134,000 homeowners in North Carolina had insurance through the National Flood Insurance Program in the wake of Hurricane Florence, according to North Carolina Insurance Commissioner Mike Causey. South Carolina Insurance Director Ray Farmer stated that the state had over 200,000 flood insurance policies in force, focused largely on the shore. “A much greater job would be needed to convey that homeowners insurance does not cover flood,” he said. Related Stories: PropertyCasualty360; News4JAX; Wall Street Journal (subscription); CNBC; TravelPulse
Read the info about disaster preparedness by the NAIC. … Read More

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Wyoming Bad Faith Remedies For Delayed and Wrongfully Denied Property Insurance Claims

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/ClTeY51FUko/

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We were presented with a situation involving a property insurance claim at Wyoming. The coverage was angry, along with his adjuster needed a list of improper actions. Merlin Law Group lawyer Jonathan Bukowski wrote a Brief article about Wyoming Denied this in or Delayed Property Damage claims. Wyoming policyholders…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/ClTeY51FUko/

All of the time we access the world wide web effortlessly to guide you to understand to the idea of getting a Public Adjuster there to assist you. Read this article we just found.

.
We were presented with a situation involving a property insurance claim at Wyoming. The coverage was angry, along with his adjuster needed a list of improper actions. Merlin Law Group lawyer Jonathan Bukowski wrote a Brief article about Wyoming Denied this in or Delayed Property Damage claims. Wyoming policyholders…… Continue Reading
Read More

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Do I Have Enough Insurance? Underinsured Homes Are Epidemic

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/UWsvr9XLXcg/

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Hurricane Katrina was a warning to me concerning the issue of homes that are underinsured. We represented countless”slabbed” homes–those where the one thing left was a concrete slab. All them were underinsured. Some may indicate that this is definitely the policy gap that is widespread. Charles Miller wrote an Outstanding newspaper, Burned Out…… Continue Reading
. Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/UWsvr9XLXcg/

We run around the web effortlessly to help you to understand to the need of having a Property Damage Adjustment Consultant on your team. Read this web post we ran across.

Hurricane Katrina was a warning to me concerning the issue of homes that are underinsured. We represented countless”slabbed” homes–those where the one thing left was a concrete slab. All them were underinsured. Some may indicate that this is definitely the policy gap that is widespread. Charles Miller wrote an Outstanding newspaper, Burned Out…… Continue Reading
. Read More

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The Policyholder’s Public Adjuster Cannot Be the Policyholder’s Appraiser

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/bhTFftHiCz0/

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Even the Florida Third District Court of Appeals recently held that the policyholder’s public psychologist cannot possibly be the policyholder’s appraiser.1 This decision is going to have a big impact on evaluations because many people adjusters act because of their own appraisers. It needs to be assumed that the insurer’s adjusters cannot behave as appraisers too. The conclusion should…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/bhTFftHiCz0/

We browse the world wide web nonstop to make you to relate to the betterment of keeping a Public Adjuster on your team. Look at this story we just found.

.
Even the Florida Third District Court of Appeals recently held that the policyholder’s public psychologist cannot possibly be the policyholder’s appraiser.1 This decision is going to have a big impact on evaluations because many people adjusters act because of their own appraisers. It needs to be assumed that the insurer’s adjusters cannot behave as appraisers too. The conclusion should…… Continue Reading
Read More

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