MN Commerce Insurance Guidance (2020-06-22)

Data Call Memo to Property and Casualty Insurers Writing Business in Minnesota

Year: 2020Length: 295 wordsOfficial source
85 7th Place East | Suite 280 | Saint Paul, MN 55101 An equal opportunity employer Data Call Memo to Property and Casualty Insurers Writing Business in Minnesota TO: PROPERTY AND CASUALTY INSURERS WRITING BUSINESS IN MINNESOTA FROM: Steve Kelley, Commissioner DATE: June 22, 2020 Due to riots/civil commotion following the killing of George Floyd on May 25, 2020, the Minnesota Department of Commerce (Commerce Department) is conducting a disaster data gathering effort. This effort is necessary to provide much-needed information to the Commerce Department, as well as information for local, state and federal officials responsible for making policy and public funding decisions for the relief, rebuilding and future risk mitigation effort over the next several months and years. Certain property and casualty insurers transacting property and casualty business in Minnesota are hereby directed to submit certain information for claims resulting from the riots/civil commotion following Mr. Floyd’s death and the expected financial impact associated with the resulting civil unrest. Information regarding the riots/civil commotion should be submitted on the provided Excel template to: insurance.bulletin@state.mn.us. (Requests for electronic copy of the spreadsheet can also be directed to this email address). Information or data submitted is confidential and shall be disclosed to other state insurance regulators or state and federal regulatory bodies only if necessary to further the requesting entity's regulatory authority, and only if the entity to whom disclosure is made has the legal authority necessary to protect from disclosure and to otherwise preserve the confidential or privileged nature of the confidential information it receives. However, some data in aggregate, industry-wide form will be made publicly available. If an insurer has any questions regarding submitting information, and/or general questions regarding the Reporting Guidelines or Reporting Criteria, please contact: insurance.bulletin@state.mn.us. Guidelines (.dotx) Data Call Template (.xlsx)
MN Commerce Insurance Guidance (2020-06-22): Data Call Memo to Property and Casualty Insurers Writing Business in Minnesota | Justis AI