Disaster Reporting Memo - Hurricane Katrina
Disaster Reporting Memo - Hurricane Rita
Due to the recent catastrophic impact of Hurricanes Katrina and Rita on the Gulf Coast, Alabama, Florida, Louisiana, Mississippi, and Texas (the Collective States) are participating in a coordinated data gathering effort with a common Insurance Disaster Reporting System. This effort is necessary to provide much needed information to state insurance regulators, as well as information for local, state, and federal officials responsible for making policy decisions for the relief and rebuilding effort over the next several months and years. 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.
All property and casualty insurers transacting direct business in the Collective States, including surplus line carriers, are required to submit to the Insurance Disaster Reporting System, certain information for claims resulting from Hurricanes Katrina and Rita and the financial impact of these hurricanes on a state-by-state basis for each of the Collective States.
Please click on the above links to view the memorandums regarding the reporting requirements of Hurricanes Katrina and Rita.