House Bill 108/Senate Bill 175, signed into law earlier this year, amends the Maryland Condominium Act, increasing from $5,000 to $10,000 the maximum amount of a condo association’s property insurance deductible that a unit owner is responsible for when the cause of damage to the condo originates in his/her specific unit. The condo association is […]
New Condo Law Increases Unit Owner Deductible Read More »
The Insurance Department recently approved five Pennsylvania Compensation Rating Bureau (PCRB) filings, all of which carry April 1, 2021 effective dates. The following PCRB Circulars detail the changes: Circular No. 1747 Basic Manual Housekeeping Revisions to Section 2 Circular No. 1748 (includes revised level for the State Average Weekly Wage) Revisions to Designated Auditable Payrolls
PA Workers’ Comp Updates Read More »
If you write workers’ compensation for Delaware F-Classifications, begin using the Pending Rate Change Endorsement for policies issued with effective dates on and after Dec. 1, 2020.The Delaware Compensation Rating Bureau submitted Filing No. 2008 that proposes an overall increase in collectible rate level of 6.53 percent in residual market rates and an overall increase
Workers’ Comp F-Classification Rate Filing Read More »
If you write through the National Flood Insurance Program (NFIP), take note of the forthcoming program changes, including: EFFECTIVE APRIL 1, 2021 Updated premium rates Updated Community Rating System EFFECTIVE JAN 1, 2022 Updated base premiums for Preferred Risk Policies and policies rated under the Newly Mapped Procedure Updated premium multiplier tables for policies rated
Upcoming NFIP Changes Read More »
The Delaware Department of Insurance (DOI) updated Universally Applicable Bulletin No. 5, which outlines the Delaware Insurance Data Security Act requirements. The updates include: A change to the DOI’s email address (now doidatasecurity@delaware.gov), where notices of a data breach are sent The addition of a requirement to for insurers to submit an annual certification of
DE Insurance Data Security Act Reminder Read More »
(a) Applicability.—This section shall apply to members of the Pennsylvania National Guard who are called or ordered to active duty with the armed forces of the United States
Deferred Motor Vehicle Insurance Coverage for Members of the PA National Guard Read More »
The Delaware Department of Insurance (DOI) updated Universally Applicable Bulletin No. 5, which outlines the Delaware Insurance Data Security Act requirements. The updates include: A change to the DOI’s email address (now doidatasecurity@delaware.gov), where notices of a data breach are sent The addition of a requirement to for insurers to submit an annual certification of
Updated Insurance Data Security Act Requirements Read More »
To help your agency document its due diligence when an insured or applicant chooses auto liability limits which are less than those suggested by the agency, we’ve prepared a sample letter, which can be modified to suit your particular needs.
Sample letter: Customers Choosing Lower Limits Read More »
It’s no real surprise that E&O claims arising from personal auto continued to occur with some degree of frequency in 2009.
Avoiding the E&O Pitfalls of Personal Auto Read More »
Representatives of the Baltimore Department of Planning provided the following reminder for IA&B members:Baltimore City wants to remind all insurance agents and brokers that properties purchased in Baltimore City’s Special Flood Hazard Area (SFHA) with federally backed loans are required to have flood insurance. Baltimore City participates in the Federal Emergency Management Administration’s Community Rating
Baltimore Highlights NFIP Premium Discounts Read More »
