TDI Commissioner's Bulletin B-0040-20

Call for data collection for 2019 North Texas storm

Year: 2020Length: 488 wordsOfficial source
Home Bulletins Commissioner bulletins – 2020 B-0040-20 November 17, 2020 To:   All insurers licensed to write property and casualty insurance in Texas, including surplus lines and farm mutual insurers Re:   Call for data collection for 2019 North Texas storm Catastrophe event Reporting is required for the wind, hail, thunderstorm, and flood event that took place on October 20, 2019, in various locations, but primarily in North Texas. Reporting requirements The Texas Department of Insurance (TDI) requires reporting of catastrophe-related data by insurers under Insurance Code Chapter 38, Subchapter E and Insurance Code Section 38.001. TDI is only seeking property insurance information for the 2019 North Texas storm. ZIP codes included in data call Reporting form Texas Catastrophe Event Statistical Plan for Personal and Commercial Risks (statistical plan) Only companies required to report property lines in 2020 under the statistical plan are required to report data for this event. All listed companies showing an "X" in the Property column on TDI's list of companies must report data to ISO. Companies only showing an "X" under the Auto or All Other columns are not required to report data. Companies not shown in either list are not required to report data. There are separate lists for admitted and surplus lines companies. Companies must file their reports under the statistical plan. Companies should review the statistical plan, specifically Section 4, to determine which property lines it must report. In addition to reviewing the statistical plan, please refer to 28 Texas Administrative Code Section 5.9502 for more information about reporting under the statistical plan. Deadline The first report for data as of September 30, 2020, is due December 28, 2020 . Subsequent reports are due on a quarterly basis, 30 days after the end of the quarter. Submission information Companies must send all reports to TDI's statistical agent, Insurance Services Office, Inc. (ISO). ISO needs reporting insurers to complete the attached form to set up the appropriate credentials for statistical reporting. Please return the form to ISO at TXCatStatAgent@verisk.com . Any questions about registering with ISO should be sent to TXCatStatAgent@verisk.com . Once your registration is processed, ISO will provide you with your credentials and relevant reporting instructions. Property insurers should contact ISO even if the company does not have any claims to report for the wind, hail, thunderstorm, and flood event. These companies will still be required to respond to TDI’s bulletin as provided in the statistical plan. Questions Send questions about how to submit data to ISO at TXCatStatAgent@verisk.com. Send questions about this bulletin to TDI at CatastropheData@tdi.texas.gov. Confidential information Under Insurance Code Section 38.001(d), a response made under this section––whether to a statistical agent or to TDI––that is otherwise privileged or confidential by law remains privileged or confidential until introduced into evidence at an administrative hearing or in a court. Insurers should identify which documents are privileged or confidential in their responses. For more information, contact: ChiefClerk@tdi.texas.gov Last updated: 11/17/2020
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