Search
 

Rhode Island, Connecticut Issue Cat Reporting Updates

Kathy Donovan provides the scoop on reporting requirements for post-Sandy catastrophe claims, with updates from Connecticut and Rhode Island.

By Kathy Donovan | Updated on November 09, 2012

The Connecticut and Rhode Island insurance departments have issued requirements for  catastrophe claims reporting related to Storm Sandy.   Both Departments have specific due dates for the claims data reports. The Rhode Island Department of Business Regulation also provided information on key regulatory compliance subjects including claims handling, premium payments, vacancy provisions and underwriting in its latest Bulletin. In Connecticut, the insurance department has issued a Notice on Storm Sandy claim reporting, requesting insurers to complete and submit the Department’s claim reporting excel spread sheet by the dates indicated on the form. The Department has also requested that if a company has multiple companies within the group, that the data be aggregated into the one excel spread sheets.   The Rhode Island Department of Business Regulation issued Insurance Bulletin 2012-4, directing insurers to complete the Department’s claim reporting form, with submissions to the Department required by the due dates indicated on the form. Similar to Connecticut’s Notice, this Bulletin indicates that if a company has multiple insurers, the holding company group should aggregate the information into the one excel spread sheet.  

See related article: Sandy’s Regulatory Impact Continues

 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.