NM Insurance Bulletin 2023-014
CLAIMS SUBMITTED AS A RESULT OF A SERIES OF NATURAL EVENTS OCCURRING BETWEEN MAY 24 AND MAY 30, 2023
STATE OF NEW MEXICO
OFFICE OF SUPERINTENDENT OF INSURANCE
INTERIM SUPERINTENDENT OF INSURANCE
Jennifer A. Catechis
Main Office: 1120 Paseo de Peralta, Fourth Floor, Santa Fe, NM 87501
Satellite Office: 6200 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110
Main Phone: (505) 827-4601 | Toll Free: (855) 4 - ASK - OSI
www.osi.state.nm.us
BULLETIN 2023-014
JUNE 1, 2023
TO:
ALL INSURANCE COMPANIES THAT HAVE ISSUED RESIDENTIAL
PROPERTY INSURANCE POLICIES COVERING RISKS LOCATED IN THE
STATE OF NEW MEXICO
RE: CLAIMS SUBMITTED AS A RESULT OF A SERIES OF NATURAL EVENTS
OCCURRING BETWEEN MAY 24 AND MAY 30, 2023
This bulletin is issued in accordance with Section 59-2-8 NMSA 1978, 13.1.2 NMAC, and 13.7.4
NMAC.
Some parts of the state of New Mexico faced tornadoes and severe thunderstorms beginning on
May 24, 2023 and lasting over the course of the next several days.
In accordance with the guidance set forth in the recently updated OSI rule, specifically 13.7.4.9
NMAC, PRE-DECLARATION INSURER REPORTING REQUIREMENTS, the Superintendent
of Insurance is hereby requiring insurance companies to report claims data related to the natural
disaster events described above.
DEADLINE TO REPORT: Within 7 days of the date of issuance of this Bulletin.
REPORT TO:
Please send data in Excel format to Anna.Krylova@osi.nm.gov
REQUESTED DATA:
Number of claims and Incurred Loss estimate, by County, for the
claims related to the natural disaster events occurring in New Mexico during the 7-day period of
5/24/2023 through 5/30/2023.
B U L L E T I N 2 0 2 3 - 0 1 4
P a g e | 2
Main Office: 1120 Paseo de Peralta, Fourth Floor, Santa Fe, NM 87501
Satellite Office: 6200 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110
Main Phone: (505) 827-4601 | Toll Free: (855) 4 - ASK - OSI
www.osi.state.nm.us
A sample of the data report is provided below.
If an insurer reasonably believes additional information will aid the superintendent in deciding
whether to declare a catastrophe, the insurer may submit that information in the body of the email.
NAIC
Company
Code
Company
Name
County
Number
of
Claims
Submitted
Incurred Loss
Estimate
12345
ABC
Company
NM County
1
100,000
12345
ABC
Company
NM County
2
200,000
12346
DEF
Company
NM County
3
300,000
If a company does not have any applicable claims to report, no data submission is required.
Questions
regarding
this
Bulletin
should
be
directed
to
Anna
Krylova
at
Anna.Krylova@osi.nm.gov
ISSUED this 1ST day of June, 2023.
__________________________________
JENNIFER A. CATECHIS
Interim Superintendent of Insurance