On April 20, 2026, the California Department of Insurance (CDI) announced that it has submitted its Intervenor and Administrative Hearing Bureau Fairness and Accountability rulemaking package to the Office of Administrative Law (OAL) for final review. CDI describes this package as the most significant modernization of California’s intervenor system since Proposition 103 was enacted in 1988.
Read More California Intervenor Reforms Move to Final Review as CDI Submits Proposition 103 Rulemaking
Connecticut Insurance Commissioner Appointed
The Connecticut State Senate confirmed Josh Hershman as the insurance commissioner on April 8, 2026. Hershman has served as interim insurance commissioner since December 12, 2025.
Read More Connecticut Insurance Commissioner AppointedNew York Legislators Investigate Residential Property Insurance
What Happened
In a press release published August 25, New York Senators James Skoufis, Jamaal Bailey, and Brian Kavanagh announced a joint investigation into residential property insurance. The purpose of the investigation is “to identify the causes of reported increases in premiums and other obstacles to insuring new and existing single- and multi-family homes, including those occupied by homeowners and renters, and to identify legislation and policy changes that New York State should implement.”
Read More New York Legislators Investigate Residential Property InsuranceConnecticut Insurance Department Releases its National Climate Risk Survey
On August 16, 2021, The Connecticut Department of Insurance released its National Survey on Climate Risk in the Insurance Industry. The survey’s main objectives are for insurers to report on climate-related risks and to provide the Department with more information to evaluate climate risk.
Read More Connecticut Insurance Department Releases its National Climate Risk Survey
New Jersey Department of Banking and Insurance Issues Mandatory Business Interruption Insurance Policy Summary
On May 12, 2021, New Jersey adopted a law requiring insurers issuing policies covering loss or damage to property, including the loss of use and occupancy and business interruption, to provide their insureds with a one page summary of common insurance clauses in such commercial property policies. The summary, which was developed by the New Jersey Department of Banking and Insurance (“DOBI”), was posted on their website on August 16, 2021 and must be provided to all existing policyholders within 90 days of its posting (which is November 13, 2021). The summary is also required to be provided to any potential purchaser, or to any policyholder seeking renewal.
Read More New Jersey Department of Banking and Insurance Issues Mandatory Business Interruption Insurance Policy Summary
Connecticut Passes the First Climate-Related Risk Legislation in the United States
The Connecticut General Assembly passed climate-related risk legislation on June 17, 2021 in a section of its state budget implementation bill, making this legislation the first climate-related risk legislation in the United States. SB 1202 Section 346 incorporates provisions of SB 1047, a bill introduced by the Insurance Committee and Real Estate Committee.
Read More Connecticut Passes the First Climate-Related Risk Legislation in the United States
New Jersey Considering Legislation That Would Authorize Insurers to Provide Policy Riders Covering Global Virus Transmission or Pandemic
The New Jersey Assembly is currently considering legislation that would authorize property insurers offering coverage for loss of use and occupancy and business interruption to provide their insureds a rider covering global virus transmission or pandemic. The bill provides that the Commissioner of Banking and Insurance must review and approve, on an expedited basis, any such rider offered by an insurer.
Read More New Jersey Considering Legislation That Would Authorize Insurers to Provide Policy Riders Covering Global Virus Transmission or Pandemic
New Jersey Enacts New Law Requiring Business Interruption Insurers to Disclose Coverage Parameters
On May 12, 2021, New Jersey Governor Phil Murphy signed into law a bill requiring insurers issuing policies covering loss or damage to property, including the loss of use and occupancy and business interruption, to disclose to policyholders whether their policy provides coverage for “global virus transmission or pandemic.”
Read More New Jersey Enacts New Law Requiring Business Interruption Insurers to Disclose Coverage Parameters
New Jersey Passes Legislation Requiring Insurers to Apprise Insureds of Particular Aspects of Their Business Interruption Coverage
Both the New Jersey Assembly and Senate recently passed identical legislation that would require insurers offering commercial coverage for loss or damage to property, including business interruption, to provide insureds with a general summary of common insurance clauses in policies for loss of use and occupancy of a commercial property, along with a disclosure relating to pandemic and virus losses.
Read More New Jersey Passes Legislation Requiring Insurers to Apprise Insureds of Particular Aspects of Their Business Interruption Coverage
The New York Department of Financial Services Seeks to Promote a Culture of Diversity, Equity and Inclusion
On March 16, 2021, the New York Department of Financial Services issued Circular Letter No. 5 “Diversity and Corporate Governance,” which notifies all insurers of the need for increased prioritization of diversity in C-Suite leadership and corporate governance more generally.
Read More The New York Department of Financial Services Seeks to Promote a Culture of Diversity, Equity and Inclusion