TN Insurance News

Guidelines on Use of Aerial Imagery in Insurance Coverage Determinations

The Tennessee Department of Commerce & Insurance issued bulletin AerialImageryBulletin25-03 providing guidelines for insurance carriers using aerial imagery and drone photography when inspecting consumer properties. The bulletin warns that aerial imagery should not be the sole basis for coverage decisions and requires insurers to notify homeowners when such imagery is used. The bulletin also warns that using low-resolution or outdated aerial imagery to deny claims may constitute an unfair claims practice under Tenn. Code Ann. § 56-8-105.

Tennessee Insurance Division NAIC Reaccreditation

The Tennessee Department of Commerce and Insurance announced that its Insurance Division received reaccreditation from the National Association of Insurance Commissioners (NAIC). The five-year reaccreditation confirms that Tennessee's insurance regulatory framework meets NAIC financial solvency oversight standards for regulating multi-state insurers. Tennessee currently has 327,685 active licensed insurance producers and domestic insurers wrote $24 billion in premium volume in 2024.

Tennessee Warns of Facebook Marketplace Auto Purchase Scams

The Tennessee Department of Commerce & Insurance (TDCI) has issued a consumer alert warning residents about a rise in auto scams facilitated through Facebook Marketplace. The alert details common scam tactics and provides consumer protection tips to prevent financial loss and vehicle theft.

TDCI Announces Promotion and New Hire to Division of Insurance

The Tennessee Department of Commerce & Insurance (TDCI) announced the promotion of Michael Barber to Director of Consumer Insurance Services and the hiring of Peter Roth as Director of Business Process Improvement. These changes aim to enhance consumer services and operational efficiency within the Division of Insurance.