Consumer > Coastal Area Hearings

Availability and Affordability
of Insurance in Coastal Areas

On Dec. 13-14, 2011, Insurance Commissioner Therese M. Goldsmith conducted a hearing on the availability and affordability of insurance in Maryland's coastal areas.

A report was issued in October 2012:
Report on Availability and Affordability of Personal and Commercial Property and Casualty Insurance in Coastal Areas in Maryland
(47 pages)

Transcripts and Exhibits

Transcript Vol. 1 (70 pages)

Transcript Vol. 2 (52 pages)

Exhibit List (2 pages)

Exhibit 1 - Notice of Quasi-Legislative Hearing (4 pages)

Exhibit 2 - Who is the RAA? Document (16 pages)

Exhibit 3 - Testimony of the American Insurance Association (11 pages)

Exhibit 4 - American Insurance Association Natural Catastrophe Agenda – To Reduce Loss and Promote Stability (15 pages)

Exhibit 5 - Statement of Robert Detlefsen on behalf of the National Association of Mutual Insurance Companies (6 pages)

Exhibit 6 - State Beach and Windstorm Plans – An Overview of Operations and Financial Structures (2 pages – cover only)

Exhibit 7 - Senator James Mathias – Letter and Attachments (3 pages)

Exhibit 8 - PCI Special Report – Availability and Affordability of Personal and Commercial Property and Casualty Insurance in Maryland’s Coastal Areas, December 13, 2011 (16 pages)

Exhibits 9 and 9A - Joint Insurance Association Report and Supplement (8 pages)

Exhibit 10 - Testimony of Minor Carter, Maryland Association of Mutual Insurance Companies (15 pages)

Exhibit 11 - Maryland Insurance Administration – List of Approved Surplus Lines Insurers (15 pages)

Exhibit 12 - Maryland Insurance Administration – 2011 Report on the Availability and Affordability of Health Care Medical Professional Liability Insurance in Maryland, August 2011 (Exhibit A4, Pg. 3) (3 pages)

Exhibit 13 - Insurance Article § 19-212, Plan of Material Reduction (3 pages)

Exhibit 14 - Presidential Major Disaster Declarations During Hurricane Season in Maryland (1 page)

Exhibit 15 - Karen Clark & Company - Using Catastrophe Models and Other Tools to Assess Hurricane Risk - NAIC Fall Meeting - November 4, 2011 (1 page – cover only)

Exhibit 16 - Property Claims Services Information (2 pages)

Exhibit 17 - Status of the South Carolina Wind and Hail Underwriting Association – Status Report for 2009 - Submitted by South Carolina Dept. of Insurance (Pgs. 28 - 39) (14 pages)

Exhibit 18 - Coastal Market Assistance Program Pamphlet: & CMAP Plan of Operations (16 pages)

Exhibit 19 - 2010 Report of the Climate Change - Insurance Advisory Committee (26 pages)

Exhibit 20 - State of Connecticut Insurance Department - A Report on the Availability of Homeowners Insurance Along the Connecticut Coastline, December 5, 2006 (18 pages)

Exhibit 21 - Lloyd’s America Inc. – Comments (3 pages)

Exhibit 22 - Independent Insurance Agent – Written Comments (2 pages)

Exhibit 23 - Testimony Insurance Agents and Brokers of Maryland and written comments from E. Larry Sanders, Edward L. Sanders Insurance Agency Inc., December 13, 2011 (6 pages)

Exhibit 24 - Excel Spreadsheet with accompanying data back-up regarding the rate of return on the homeowner's insurance line in the aggregate, submitted by Matt Wulf, Reinsurance Association of America, December 14, 2011 (33 pages)

Exhibit 25 - Supporting Documentation from Reinsurance of America, December 14, 2011
Section 1 (70 pages)
Section 2 (67 pages)
Section 3 (96 pages)
Section 4 (50 pages)
Section 5 (60 pages)