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 »
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 »
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 »
With the National Flood Insurance Program (NFIP) facing expiration last week, President Trump signed into law legislation to extend the program for another year, through Sept. 30, 2021. This extension was part of a broader measure to keep the federal government funded through Dec. 11. Since the NFIP originally came up for renewal three years
NFIP Extended for One Year Read More »
As a reminder, a U.S. District Court in Pittsburgh last month struck down some of Gov. Wolf’s COVID-19 shutdown orders as unconstitutional, including the business closure and stay-at-home orders (which already have been suspended), as well as the 25-person indoor and 250-person outdoor gathering limitations.Gov. Wolf filed an appeal and last week was granted a
Appeals Court Grants Stay for Governor’s Shutdown Orders Read More »
Changes to Pennsylvania’s overtime eligibility standards went into effect Oct. 3 after a lengthy regulatory review process. As a reminder, the now final regulation will gradually raise the threshold to potentially qualify for overtime exempt status to $875 per week ($45,500 annually) in October 2022, with automatic adjustments to the salary threshold thereafter.Please note: Pennsylvania’s
PA Overtime Reg in Effect Read More »
Late last month hackers attacked insurance broker Arthur J. Gallagher & Co. (to include claims unit Gallagher Basset). The ransomware incident forced the firm to take its global systems offline and turn to outside cybersecurity professionals for help. Ransomware attacks increased almost 50% between the first and second quarters of 2020, according to a recent
Ransomware Incident Offers Cautionary Tale Read More »
A federal judge in Pittsburgh this week struck down some of Gov. Tom Wolf’s COVID-19 shutdown orders as unconstitutional, including the business closure and stay-at-home orders (which already have been suspended), as well as the 25 person indoor and 250 person outdoor gathering limitations which are still in effect. The ruling stems from a civil
Federal Judge Rules Shutdown Orders Unconstitutional Read More »
