08/30/2024 | Press release | Distributed by Public on 08/30/2024 10:23
August 30, 2024
NOTICE TO ALL PROPERTY & CASUALTY INSURERS
STORM AND FLOOD DAMAGE LOSS REPORTING DUE TO STATE OF EMERGENCY
On August 18, 2024, Connecticut was significantly affected by a severe rain event, which caused wide-spread storm and flood damage. On August 22, 2024, the Connecticut Insurance Department (the "Department") advised insurers that Bulletin IC-29 and Bulletin IC-31 were activated because Governor Ned Lamont declared a State of Emergency.
Due to the severity of the event, Insurance Commissioner Andrew N. Mais is requiring that property and casualty insurers (including surplus lines or non-admitted insurers) report all covered and denied claims associated with this event including private flood claims. The required claim data is limited to claims related to the August 18, 2024 storm in Fairfield, New Haven and Litchfield counties. The National Association of Insurance Commissioners (the "NAIC") will collect the required data on behalf of the Department.
On or before September 7, 2024, insurers must report the required claim data to the NAIC for all claims received through August 30, 2024. Thereafter, insurers must report the required claim data bi-weekly through October and then monthly commencing in November. The bi-weekly reports must be submitted by the Friday at the end of each bi-weekly period, and the monthly reports must be submitted on the first Friday following each month end. The reporting shall continue until further notice and include updated claim information through the life of all applicable claims.
The reports must be submitted using the prescribed template available HERE through the NAIC system. In order to access the NAIC system, all insurer contacts who plan to submit data on behalf of the insurer or group must send an email to [email protected] requesting the following permission: RDC_CT2024FLOOD_USER_PR.
While the Department will maintain the claim data as confidential to the extent provided by applicable law, the Department will share aggregated claim data with the Governor for the purpose of understanding the impact of the storm on consumers, municipalities and industry in the state.
Thank you for your prompt attention to this matter.
Department Notice 8/22/2024:
Bulletins activated on 8/22/2024:
Any additional bulletins or notices will be posted on the Department's web site, sent to our e.Alert Listserv members and will also be shared on our Facebook, Twitter and LinkedIn accounts.
If you have any questions, please contact George Bradner, Asst. Deputy Commissioner and Director Property and Casualty Division: [email protected].