NM Insurance Bulletin 2022-023

WILDFIRE DISASTER CLAIMS DATA CALL

Year: 2022Length: 375 wordsOfficial source
STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE SUPERINTENDENT OF INSURANCE Russell Toal DEPUTY SUPERINTENDENT Jennifer A. Catechis Main Office: 1120 Paseo de Peralta, Room 428, Santa Fe, NM 87501 Satellite Office: 6200 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110 Main Phone: (505) 827-4601 | Satellite Phone: (505) 322-2186 | Toll Free: (855) 4 - ASK - OSI www.osi.state.nm.us BULLETIN 2022-023 December 27, 2022 TO: ALL LICENSED AND SURPLUS LINES PROPERTY/CASUALTY INSURANCE CARRIERS RE: WILDFIRE DISASTER CLAIMS DATA CALL; BULLETIN 2022-012 Beginning April 22, 2022, the Honorable Michelle Lujan-Grisham, Governor, declared a series of wildfire emergencies in New Mexico. Subsequent to the declaration, the Superintendent of Insurance issued Bulletin 2022-012, requiring companies to submit monthly reports of claims information associated with the wildfire events taking place in 2022. While compliance with Bulletin 2022-012 has generally been commendable, some companies have missed one or more monthly reports. By way of this Bulletin, the Office of Superintendent of Insurance would like to remind companies of the requirement to submit wildfirerelated claims data per the original Bulletin. As stated in Bulletin 2022-012, the January 15th, 2023 submission containing cumulative claims data as of December 31, 2022 will be the last report of the wildfire claims data, so it is especially important that all companies make a timely submission in order to ensure a complete and accurate dataset and avoid additional data calls on this subject in the future. The data reporting requirements remain the same, and companies can reference the requirements and submission instructions in Bulletin 2022-012, issued on June 16, 2022. Failure to submit a report may result in the imposition of fines. B U L L E T I N 2 0 2 2 - 0 2 3 P a g e | 2 Main Office: 1120 Paseo de Peralta, Room 428, Santa Fe, NM 87501 Satellite Office: 6200 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110 Main Phone: (505) 827-4601 | Satellite Phone: (505) 322-2186 | Toll Free: (855) 4 - ASK - OSI www.osi.state.nm.us For questions about this Bulletin, please contact Anna Krylova at Anna.Krylova@osi.nm.gov. For technical assistance with the submission and the NAIC data portal, please contact help@naic.org. ISSUED this 27th day of December, 2022. __________________________________ RUSSELL TOAL Superintendent of Insurance
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