NFIP Program Changes, Updated Guidance
Review the newly implemented NFIP changes, which impact first-floor height, renewal notices, and the Community Rating System.
NFIP Program Changes, Updated Guidance Read More »
Maryland News
House Judiciary Committee Hears Comments on Noneconomic Damages
IA&B testified against SB 538, a proposal which would increase the cap on noneconomic damages to $1.75 million, with a $20,000 annual escalator clause.
House Judiciary Committee Hears Comments on Noneconomic Damages Read More »
NFIP Extended Through Sept. 30 (MD Update)
This latest, six-month extension follows five stopgap spending bills passed in the past five months.
NFIP Extended Through Sept. 30 (MD Update) Read More »
RMA Halts Cancellations of Crop Contracts
The Risk Management Agency (RMA) has taken swift action to address recent concerns regarding the termination of agent/agency contracts by Approved Insurance Providers.
RMA Halts Cancellations of Crop Contracts Read More »
Detached Condo Bill Amended by MD House
IA&B’s advocacy led to the negotiation of an amendment that would go a long way in reducing E&O exposures for agents.
Detached Condo Bill Amended by MD House Read More »
IA&B Opposes Noneconomic Damages Cap Increase
Despite amendments, Maryland Senate Bill 538 likely would result in increased premiums and could upend the state’s tort liability environment.
IA&B Opposes Noneconomic Damages Cap Increase Read More »
Flood Insurance Manual Appendix L Implementation Delayed
Following industry-wide advocacy – including from our national affiliates – FEMA agreed to delay the implementation of Appendix L.
Flood Insurance Manual Appendix L Implementation Delayed Read More »
NY Cybersecurity Filing Deadline
Non-resident agencies and individuals have until mid-April to submit their annual certificate of compliance with the New York Cybersecurity Regulation.
NY Cybersecurity Filing Deadline Read More »
IA&B Opposes Sales Tax on Services Proposal
Maryland House Bill 1515 would apply a 5% sales tax on agent commissions and other insurance services.
IA&B Opposes Sales Tax on Services Proposal Read More »
FIO Cancels Climate Data Collection Plan, Defers to NAIC (MD update)
In a victory for PIA, the National Association of Insurance Commissioners (NAIC) will lead the effort to collect data on climate-related risks from P&C carriers.
FIO Cancels Climate Data Collection Plan, Defers to NAIC (MD update) Read More »