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 »
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 »
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 »
