Northeast Zone District of Columbia The District of Columbia Department of Insurance, Securities and Banking Bulletin 25-IB-001-08/12, dated August 11, 2025, addresses “the depreciation of labor expenses and other nontangible items in the definition of "actual cash value" (“ACV”) in property insurance policies.” The Bulletin provides the definition of depreciation and notes that labor, unlike physical materials, does not lose value or break down over time. The Department fu

Maine HP 1038 enacts a new section 24-A MRSA §4350-F that addresses “spread pricing prohibitions” and applies to contracts entered into or renewed on or after January 1, 2026. Definitions in this new section include “pharmacy benefits management fee” and “spread pricing” with the latter defined as “any amount charged or claimed by a pharmacy benefits manager in excess of the ingredient cost for a dispensed prescription drug plus the dispensing fee paid directly or indirectly

Northeast Zone Massachusetts Advisory Ruling 2025-1, dated March 31, 2025, notifies all licensed appraisers concerning the time frames...

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Connecticut In the Notice dated September 12, 2024 the Connecticut Insurance Department (CID) alerts insurance

Northeast Zone Connecticut Bulletin PC-63-24, dated July 3, 2024, addresses the “Exemption of certain commercial lines property and...

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