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July 19th, 2022

Posted: July 2022

Virginia State Corporation Commission Bureau of Insurance

Posted: June 2022

Background: On December 17, 2021, the State Corporation Commission issued an order (INS-2021-00092) repealing Chapter 340 entitled “Rules Governing Standards for the Content of Fire Insurance or Fire Insurance in Combination with Other Coverages effective January 1, 2022; to adopt a new Chapter 341 entitled “Rules Governing Standards for the Content of Dwelling Property Insurance Policies”; and to adopt a new Chapter 342 entitled “Rules Governing Standards for the Content of Homeowners Insurance Policies.”

Action:  Insurers and rate service organizations are required to submit filings for compliance with these chapters no later than December 31, 2022.

The Bureau encourages insurers and rate service organizations file the forms necessary for compliance with Chapters 341 and 342 as soon as possible. The Bureau is unable to grant extensions to the compliance dates.

For more information, please review the Bulletin published by the State Corporation Commission Bureau of Insurance

Martin & Company can help your company stay in compliance, please contact us today.

Kentucky DOI Data Request FEMA 4595

Posted: June 2022

Background: - In May 2022, Kentucky was allocated over $74 million through HUD’s CDBG-Disaster Recovery (DR) program to help resiliently recover from the Severe, Storms, Flooding, Landslides and Mudslides, Straight-line Winds, and Tornadoes that hit the state in 2021 specifically known as FEMA-4595 and FEMA- 4630. In order to receive these funds, various assessments outlining current state needs will need to be completed, followed by an Action Plan that outlines proposed programs to address recovery and resilience in impacted communities.

Data Request - The Kentucky Department of Insurance is requesting insurers to report aggregate personal residence claims data, claims resulting in loss, and direct incurred losses ($) by the counties listed in the data request document or the appropriate zip code.

For specific instructions, please review the KDOI FEMA 4595 Data Request published by the Kentucky state DOI.

Martin & Company can help your company stay in compliance, please contact us today.

Announcing the rebranding of the Martin & Company logo!

Posted: May 2022

Our new brand reflects a bigger and bolder look --- all while keeping our core values, goals and strengths.

AAIS Associate Partner

Posted: May 2022

Martin & Company is proud to be a part of the AAIS Partner Programs. AAIS brings together top quality partnerships that promote speed-to-market and growth. Check out the site to learn more!