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Mandates from Connecticut, New York, and Rhode Island may prompt insurers to adjust existing emergency policies and procedures.
Insurers face compliance challenges in tracking regulatory activity, analyzing documents, and implementing changes for one or more lines of business.
Various newly enacted and pending legislative changes will present challenges throughout the year for those tasked with assessing the impact on the business while ensuring compliance.
With differing effective dates, insurers must review and implement state-specific changes to several underwriting and claims functions.
From electronic document delivery to PIP reform, insurers will contend with a slew of claims-focused legislative initiatives this year.
Insurance legislation is on the move. How recent bills affect claims, underwriting functions.