The Connecticut Department of Insurance published a bulletin informing property and casualty insurers that they are required to report all claims associated with the recent storm and flood damages. Heavy rainfall caused flooding in certain parts of the state, which prompted a state of emergency declaration.
All P&C insurers, including surplus lines and non-admitted insurers, must report all covered and denied claims related to the weather event by September 7, 2024. Only claims related to the storm that occurred on August 18, 2024, and in the counties of Fairfield, New Haven, and Litchfield are required to be reported.
Insurers should report the claim data for claims received through August 30, 2024. Eligible claims received after that should be reported bi-weekly through October, monthly in November, and so on. The reporting should continue until further notice is given by the Department.
The NAIC is collecting the required data on behalf of the Department. Reported data will be kept confidential. Reports must be submitted on the NAIC system.
The bulletin can be found here.
Other actions taken by the Department following the storm can be found here.