The CADO News Page

ALABAMA SURVEY ON PRIVATE FLOOD MARKET PROMPTS LEGISLATION TO ENCOURAGE INSURER PARTICIPATION

The Alabama Department of Insurance (ALDOI) released results of a survey taken to understand the private flood insurance market in the state. The ALDOI commissioned Milliman, Inc. (Milliman), a premier global consulting and actuarial firm, to survey flood insurance industry stakeholders and...

S.C. Private Flood Insurance Act Enacted, Aims to Make Flood Insurance More Accessible

From the September 30, 2020 Press Release "Columbia, S.C. – Monday, Governor Henry McMaster signed the South Carolina Private Flood Insurance Act into law (S. 882). This Act aims to foster innovative flood insurance coverage in South Carolina, allowing insurers the ability to...

Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season

Louisiana Insurance Commissioner Jim Donelon is reminding policyholders affected by Hurricane Laura and who may be affected by Hurricane Delta that the single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in...

Commissioner Lara urges insurance companies to cover wildfire property losses without requiring a home inventory

From the Press Release. SACRAMENTO, Calif. — In response to California’s latest destructive fires, Insurance Commissioner Ricardo Lara is requesting that insurance companies help wildfire survivors who are overwhelmed with the task of navigating the claims process by providing...

Wildfires – Western US

The information below is from the FEMA Daily Ops Briefing issued 10/06 @ 8:30 am Situation: : Of the over 7 million acres burned, the National Watch Center continues to track 11 active fires that have burned nearly 2 million acres from the West Coast to the Rocky Mountains....

CFO Jimmy Patronis Activates Emergency Adjuster Licensing System to Aid in Hurricane Sally Recovery

TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the Department of Financial Services’ emergency adjuster license system has been activated to support homeowners’ and businesses’ efforts to get back on their feet following the...

NFIP Claims Manual with effective date 10/2021

This manual improves clarity of flood insurance claims guidance to NFIP Write Your Own (WYO) companies, flood vendors, flood adjusters and examiners, so that policyholders experience consistency and reliability of service.

Source: FEMA Website

Commissioner Lara urges insurance companies to cover reimbursement costs for those displaced during wildfires

News: 2020 Press Release For Release: September 3, 2020 Media Calls Only: 916-492-3566 Email Inquiries: cdipress@insurance.ca.gov Commissioner Lara urges insurance companies to cover reimbursement costs for those displaced during wildfires LOS ANGELES, Calif. — To...

CSU researchers now predicting extremely active 2020 Atlantic hurricane season

"Colorado State University hurricane researchers have increased their forecast and now predict an extremely active Atlantic hurricane season in 2020, citing very warm sea surface temperatures and very low wind shear in the tropical Atlantic as primary factors. Tropical Atlantic sea...

NOAA updated 2020 Atlantic Hurricane Season Outlook

August 6, 2020 - Atmospheric and oceanic conditions are primed to fuel storm development in the Atlantic, leading to what could be an “extremely active” season, according to forecasters with NOAA’s Climate Prediction Center, a division of the National Weather Service. Today,...

WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

"Fishers, IN – March 10, 2020 – Worley Claims Services LLC, a recognized leader in providing insurance claims services in North America, announced the launch of a new company brand and name to Alacrity Solutions Group effective immediately. The change reflects the...

Commissioner Lara Orders Insurance Data on Business Interruption Coverage to Assist California Small Businesses

From the Press Release ... "Commissioner Lara called on the insurance industry to assist small businesses facing layoffs and lost income due to business closures and government actions to prevent the spread of COVID-19. Insurance company responses to the data call are due by April 9,...

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2020

We anticipate that the 2020 Atlantic basin hurricane season will have above-normal activity. Current warm neutral ENSO conditions appear likely to transition to cool neutral ENSO or potentially even weak La Niña conditions by this summer/fall. Sea surface temperatures averaged across the...

Texas Department of Insurance Commissioner’s Bulletin # B-0008-20

The below is from the bulletin. March 24, 2020 To: All TDI-regulated carriers, agents, adjusters, and licensees Re: COVID-19: Suspension of certain licensing requirements and fees On March 13, 2020, Governor Greg Abbott issued a disaster declaration in...

TWIA Policy Changes effective 1/2020

All new and renewal TWIA policies with an effective date on or after January 1, 2020 will include updated coverages, terms, and conditions. Many of the changes are a result of recent revisions to the Texas Insurance Code by the Texas Legislature. "The above is from the TWIA...

News

ALABAMA SURVEY ON PRIVATE FLOOD MARKET PROMPTS LEGISLATION TO ENCOURAGE INSURER PARTICIPATION

S.C. Private Flood Insurance Act Enacted, Aims to Make Flood Insurance More Accessible

Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season

Commissioner Lara urges insurance companies to cover wildfire property losses without requiring a home inventory

Wildfires – Western US

CFO Jimmy Patronis Activates Emergency Adjuster Licensing System to Aid in Hurricane Sally Recovery

NFIP Claims Manual with effective date 10/2021

Commissioner Lara urges insurance companies to cover reimbursement costs for those displaced during wildfires

CSU researchers now predicting extremely active 2020 Atlantic hurricane season

NOAA updated 2020 Atlantic Hurricane Season Outlook

WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

Commissioner Lara Orders Insurance Data on Business Interruption Coverage to Assist California Small Businesses

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2020

Texas Department of Insurance Commissioner’s Bulletin # B-0008-20

TWIA Policy Changes effective 1/2020

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