On Oct. 17, TN INS issued bulletin re Helene catastrophe data call.
TN INS issued Bulletin 24-04, catastrophe claims data call related to Hurricane Helene.
Bulletin was issued to provide notification and guidance on reporting requirements relating to impact of Hurricane Helene on the State of Tennessee; issued instructions.
Highlights
TN Code Annotated, TN INS 56-1-409(b) and TN INS 56-8-107(a), requires property, casualty, surplus lines companies to complete, submit claims reporting spreadsheet.
The completed spreadsheet must be submitted to TN INS through NAIC RDC Portal.
Only claims on Hurricane Helene should be reported, non-catastrophe claims excluded.
The bulletin also include list of re reporting deadlines for the subsequent spreadsheets.
TN INS can request more information or broader to scope based on any developments.
If there are no claims data to report, submit an email stating no claims data to report.
If a company has multiple insurers within a holding company group, the holding company group should aggregate the information into one spreadsheet and submit.
Surplus lines insurance companies should submit data on an individual company basis.
Submissions should include breakdown of claims data by zip code and provide county.
Effectiveness
First report is due Nov. 5, 2024 for claims reported as of Oct. 31, 2024.
2nd due Dec. 5, 2024 (as of Oct. 31); 3rd on Jan. 6, 2025 (Nov. 30); 4th report due Feb. 5, 2025 (Jan. 31, 2025); 5th Mar. 5, 2025 (Feb. 28); 6th Apr. 7, 2025 (Mar. 31).
