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Insurance Bulletin 2026-009 Clarifies Medical Malpractice Premium Rate Filing Requirements Under Amended Act

The New Mexico Superintendent of Insurance issued Bulletin 2026-009 to clarify that commercial medical professional liability insurance carriers must file updated premium rates through SERFF following amendments to the Medical Malpractice Act effective May 20, 2026. The amended law caps punitive damages at approximately $1 million for independent providers, $6 million for local hospitals, and $15 million for large hospital systems. Carriers must file rate filings or notices of no premium decreases in Case No. 2026-0088.

Technical specifications on SNCU calculation criteria

EIOPA published technical specifications (EIOPA-BoS-26-102) to guide the identification of Small and Non-Complex Undertakings (SNCUs) and Groups (SNCGs) under the revised Solvency II proportionality framework. The document specifies which Quantitative Reporting Template (QRT) data points supervisory authorities and (re)insurers must use for SNCU/SNCG classification. These specifications aim to ensure convergent application of the new proportionality rules across all EU Member States upon the amended Solvency II Directive entering into application.

Statistical Bulletin on Civil Liability Risks, 2024

IVASS published its statistical bulletin on general and healthcare civil liability insurance risks for 2024. General civil liability premiums from supervised insurers reached €4.157 billion (10.2% of total non-life premiums), growing 3.5% year-on-year with average claim cost of €7,574 (+7.2%). Healthcare civil liability premiums totaled €691 million (-2.2%), with the top ten insurers holding 94.6% market share and average claims significantly higher for public healthcare structures.

Homeowners Insurance Zip Code Reporting Requirements

The Minnesota Department of Commerce issued Administrative Bulletin 2026-2, superseding all prior communications on zip code reporting under Minn. Stat. §65A.28. Insurers writing homeowner's insurance for properties in the seven-county metropolitan area or cities of the first class (Minneapolis, Saint Paul, Duluth, Rochester) must file annual reports by May 1. The bulletin provides filing instructions, templates, and an attestation form via the department's website.

Elite Insurance Scheme Vote Creditor Meeting Notice

IVASS announced that Elite Insurance Company Limited, a Gibraltar-based insurer that operated in Italy's surety bond sector, has received court approval to convene creditor meetings for voting on a Proposed Scheme of Arrangement. The Supreme Court of Gibraltar approved the convening on March 13, 2026. Creditor meetings are scheduled for May 7, 2026, with voting deadlines through a dedicated portal by May 6, 2026.

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.

American Mobile Insurance Exchange - Sixth Consent Order Extending Administrative Supervision

The Florida Office of Insurance Regulation issued its sixth consent order extending public administrative supervision of American Mobile Insurance Exchange, a domestic property and casualty reciprocal insurer. The supervision is extended for 120 days from April 3, 2026. American Mobile, operated by attorney-in-fact American Mobile Risk Management LLC, remains under supervision to facilitate orderly wind-down of remaining liabilities, return of unearned premiums, and subscriber surplus contributions.

Wildfire Mitigation Study Shows 35% AAL Reduction Through Resilient Rebuilding

NAIC's Catastrophe Risk Management Center of Excellence released research conducted with the California Department of Insurance demonstrating that rebuilding wildfire-impacted communities to IBHS Wildfire Prepared Home Standards can reduce projected wildfire average annual losses by up to 35 percent. The study found that rebuilding to the highest IBHS standard adds approximately 3 percent in construction costs.

Rockwell Man Charged with Unlicensed Public Adjusting and Insurance Fraud

The Iowa Insurance Division's Fraud Bureau charged Joseph Starr, 39, of Rockwell, with two counts of acting as a public adjuster without a license and one count of insurance fraud (Class D felony). Starr allegedly negotiated insurance claims on behalf of clients with Farm Bureau Financial Services and Osage Insurance while employed by Sibling Construction, and submitted invoices for work not yet completed.

Wisconsin Insurance Administrative Actions - March 2026

The Wisconsin Office of the Commissioner of Insurance (OCI) published its March 2026 administrative actions list detailing enforcement measures taken against insurance agents and license applicants. Actions include license revocations, application denials, and forfeiture orders totaling at least $1,500. Violations cited include tax delinquency, unreported administrative actions from other states, criminal convictions, and failure to disclose pending charges.