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ALABAMA INSURANCE DISASTER RESPONSE PLAN - page 4 / 18

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Coverage Data and Loss Statistics

Insurance Company Disaster Liaisons are required to provide specific statistics from each licensed insurer. These statistics will be updated periodically. Individual data reports will be held confidential and consolidated by the AL DOI.

The following information may be required:

  • 1.

    P&C insurance data (Excluding auto) - to include total number of losses reported and total losses paid and/or reserved.

  • 2.

    Automobile data - to include total number of losses reported and total losses paid and/or reserved.

  • 3.

    National Flood Insurance Program - to include total number of losses reported and total losses paid and/or reserved.

  • 4.

    The ALDOI may require a Claims Processing Plan be presented by individual insurance companies that will state how the company plans to handle a large volume of claims in a short period of time, for instance, will the company “import” claim representatives and adjusters from other areas. How many adjusters will be handling what workload.

  • 5.

    The Al DOI may request policy count information by county or territory from insurance companies as needed.

  • 6.

    The AL DOI, upon request, may require submission of Detailed Claim Reports as required by the Commissioner of Insurance.

DATA CONFIDENTIALITY/COORDINATION

Reports and statistics will be compiled and summarized by Insurance Department personnel for internal department use. Those reports would be submitted to the Alabama Emergency Management Agency (AEMA) and the Governor on an aggregate basis.

No individual company information will be identified in reports. Insurance Department personnel will be advised by Department management that all such information provided by publicly traded insurers must be kept strictly confidential; such information may be material, non-public information; and trading in securities on the basis of material; non-public information is prohibited under federal securities law.

ACCESS TO DISASTER AREAS & INSURANCE PERSONNEL IDENTIFICATION

In coordination with state and local authorities, the AL DOI issues “Disaster Emergency Adjuster Passes” and “Disaster Emergency Adjuster Access

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